NH1 News Debates


Sep 26, 2014 6:21 AM

Portugal PM denies financial misconduct allegation

The Associated Press

LISBON, Portugal (AP) Portugal's prime minister has denied allegations of financial misconduct, telling Parliament the accusation that he had undeclared income when he was a lawmaker in the 1990s was an attempt to deceive people.

The allegations caused a storm in recent days, endangering the eurozone country's political stability as it limps out of a financial crisis and three-year recession.

Pedro Passos Coelho said Friday he will publish tax returns showing his earnings. However, he refused a demand from the main opposition Socialist Party to waive banking secrecy laws and grant access to his bank accounts.

Prosecutors said late Thursday they won't pursue the anonymous accusation that Passos Coelho received 75,000 euros ($95,000) in undeclared payments from a consultancy company from 1995-1999 because the statute of limitations had expired on any possible wrongdoing.


--  Dealing with the Disease of Addiction? Click here for help --

More from NH1.com

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome