Portas, Coehlo Meetings Hope to Stabilize Portugal

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July 4 (Bloomberg) -- Pedro Santana Lopes, former Portuguese Prime Minister, discusses the current state of the Portuguese government as Paulo Portas and Prime Minister Pedro Passos Coehlo meet in an attempt to heal a rift that has triggered a surge in Portuguese bond yields. He speaks on Bloomberg Television's "The Pulse."

Reaction of the capacity of a series political situation.

Even the portuguese people don't understand quite well.

The news from today say it is possible to reach an agreement.

We hope that the markets and international observers can have a different reaction.

It is not good for portugal, what is going on.

You were the head of the government from 2004 to 2005. you have an understanding of how coalitions work.

Even if we can resurrect this coalition, how stable would let me and do you think you'll have -- will it be and do you think you'll have the ability to push on with policies?

Yes.

Let me say -- an agreement -- the president will not allow any situation like this one.

The leaders of both parties know this one is their last chance.

The minister of foreign affairs -- you have a reaction.

Yesterday, the second party gave a mandate to keep things going on in the government.

They had a meeting last night and talking again this morning and this afternoon.

The prime minister , he will have to take a serious agreement.

[indiscernible] i think they understand if they keep acting like this, portugal will face a lot of damages because of disagreements.

I think they will not try again to discuss in public like they did in previous times.

If the do it again, [indiscernible] everybody agrees that is not so good.

These early elections, what is likely that we will not have conciliation and have to go to early elections?

Yes.

It will be very hard for a country that needs to work on this to grow.

That is the only solution.

I hope an agreement can be reached.

It is good to hear you have that hope.

Thank you very much.

This text has been automatically generated. It may not be 100% accurate.

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