What event prompted Sócrates to submit his resignation?
Resignation of his Cabinet
Austerity measures
Rejection of a new austerity package by the Parliament
The 2011 Eurozone crisis
Answer
Sócrates' resignation was prompted by the rejection of a new austerity package by the Parliament. This package was intended to reduce the country's debt and deficit, and was necessary in order to receive financial assistance from the European Union and the International Monetary Fund. The rejection of the package by the Parliament led to a political crisis, and Sócrates eventually resigned as Prime Minister.
Socratic Sagacity: Unraveling the Legacy of José Sócrates
More Questions
When was the IMF/European Union bailout to Portugal conceded?
How much was the IMF/European Union bailout to Portugal?
Who succeeded Sócrates as Secretary-General of the Socialist Party after the 2011 snap election?
When was Sócrates first arrested on charges of corruption, tax evasion, and money laundering?
Where was Sócrates held after his arrest?
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