Billion Euro Loan buys Madeira's vote on Portuguese Budget

The national PSD Government has approved a new billion Euro loan to the Madeira Government in exchange for the Madeira PSD MPs in the national parliament voting in favour of the Portuguese Budget.

Passos Coelho's national Government has consistently shored up Madeira's corrupt dictator to ensure Madeira's four national MPs tow the party line. The Madeira Government, which has built up a six billion Euro debt, has not managed to reduce its debt at all in the last year. These loans to Madeira, which are apparently to help Madeira reduce its debt are simply doing the opposite - merely delaying and stalling the debt repayment.

Jardim is not trying to solve the debt problem he created, he's merely playing for time, desperate to cling on to power for as long as possible... and Portuguese government is obviously hanging by a thread if it needs the support of the Madeira dictator to shore up its own power.