Portugal's Socialists Seek More Concessions From Premier Coelho

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Portuguese Socialist leader Antonio Costa said a proposal from the ruling coalition that’s trying to get consent for a new government was “insufficient” and his opposition party will respond with a list of measures it’s seeking.

The necessary measures include changing income tax brackets and cutting the value-added tax rate charged at restaurants, Costa said after meeting Prime Minister Pedro Passos Coelho on Tuesday evening. “The Portuguese voted and said they want a reorientation of policy.”