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"I will not resign or abandon my country," Portuguese Prime Minister Passos Coelho says,...

"I will not resign or abandon my country," Portuguese Prime Minister Passos Coelho says, reiterating his commitment in the wake of resignations from the country's foreign minister and finance minister (previous). Although Coelho says he is prepared to bring about a "rapid return to stability," some analysts believe the country could be forced to negotiate a "precautionary line of credit" with the ESM. One member of the radial Left Bloc party described the swearing in of the new finance minister as "the orchestra playing while the Titanic sank."
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