LISBON (Dow Jones)--Portugal??s political leaders were setting the ground for new elections Friday and scrambling to avoid a financial rescue from the European Union, at least until a new government could be formed.
Portuguese President Anibal Cavaco Silva is holding meetings with leaders of major political parties throughout Friday, and is expected to announce next week the date for new elections after Prime Minister Jose Socrates submitted his resignation Wednesday. He decided to quit after losing a key vote in parliament on a package of budget ...
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