Business

Portugal to hold snap election in March after PM’s resignation

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Portugal’s president has called a snap general election for March, following the shock resignation of prime minister António Costa.

President Marcelo Rebelo de Sousa on Thursday night announced the March 10 date after Costa, a Socialist in power since 2015, resigned this week hours after prosecutors executed several arrest warrants and raids in an investigation into possible corruption and malfeasance by public officials.

The Socialists won an outright majority in the last vote in early 2022 and had been leading in the polls, but their standing versus the main opposition Social Democrats is likely to have been hurt by the corruption scandal, which relates to lithium mining and hydrogen production projects.

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