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Coelho Told by Portugal’s Cavaco to Hurry Coalition Talks

Pedro Passos Coelho, Portugal’s incoming prime minister, was told by President Anibal Cavaco Silva to start talks immediately on forging a coalition to ensure austerity measures mandated by a 78 billion-euro ($114 billion) bailout stay on track.

The order that Coelho move came in their meeting yesterday in Lisbon less than 24 hours after the Social Democrat unseated Socialist Jose Socrates, Jose Manuel Nunes Liberato, a presidential aide, told reporters.