PENGUNDURAN DIRI JOSE SOCRATES SEBAGAI PERDANA MENTERI PORTUGAL

Abstract

Financial crisis that surged the Europe in 2008 as the cause of U.S. A. financial crisis in 2007 gave domino effect for Europe zone economy arrangement. The existence of depending on each other between countries made the effect of the Europe crisis became spreading to the members of Uni Europe country, including Portugal. This Europe crisis caused by stuck credit in U.S.A. as the cause of property business sector disintegrated became the early unsteady of Portugal economy. The emptiness of cash back up in Uni Europe banks as the result of fund stuck credit made Portugal difficult to get fund aid to prop up its economy that was deficit by 9,3%, a number that was still faraway from deficit maximum target as a term of Uni Europe membership. Economy Structure that was used to depend on foreign loan made Portugal become difficult to arise when global crisis surge it. Foreign debt and also deficit level that kept increasing pushed Prime Ministry Jose Socrates to make policy plan of budget cutting and tax rising. Yet the policy plan got refusal from internal (internal demand) and international environment (external demand). The refusal pushed Prime Ministry Jose Socrates to cancel his money saving policy plan and then followed by his resignation as Portugal Prime Ministry on March 24 vii t h 2011.