Investing.com -- The Portuguese government, led by Prime Minister Luis Montenegro, collapsed on Tuesday after losing a confidence vote in parliament. This event is likely to trigger the country’s third early election in just over three years.
Montenegro, who heads a center-right minority government, had called for the confidence vote last week. He sought to determine whether his government had the necessary support to implement its program amidst ongoing speculation about potential conflicts of interest linked to a family-owned company.
The two largest opposition parties, the Socialists and the far-right party Chega, voted against the government. Together, these two political groups hold more than half of all seats in the chamber, leading to the government’s downfall.
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