“Pedro Sánchez is not just a friend or a partner, he is someone with whom I have worked very closely in recent years, in the ‘Iberian exception’ for energy prices, or the battle we’ve fought together to create a programme for the structural transformation of our economies.”
– António Costa
In contrast to many countries in Europe, the far right will remain out of government in the Iberian Peninsula – at least for now.
In Portugal’s last election in 2022, António Costa’s Socialist Party won a majority to form the government, but over the past year it has been criticised from both the left and the right. Cases of corruption, inflation and a lack of vigour in tackling a housing crisis have left 52% of Portuguese saying the government has performed “bad or very badly”.
Could this mean that Portugal will move to the right in the next elections? If so, how far? 63% of Portuguese people don’t want an electoral pact between the centre right party PSD and the far-right Chega. Luís Montenegro, leader of the PSD, confirmed this weekend that such a pact is not his intention.
At the moment, the Iberian exception stands.