AMERICAS: Left-Wing Candidate Victorious in Peru Former army commander Ollanta Humala claimed victory (Reuters) in the country's presidential election on Sunday, causing many investors and business leaders to worry that he will reverse the country's economic success through increased state control over the economy. |
EUROPE: Conservatives Win Portugal's Presidential Election In the wake of an ongoing sovereign debt crisis (WSJ), Portugal's center-right Social Democratic Party, led by Pedro Passos Coelho, ousted the ruling Socialist Party on Sunday. Coelho is expected to implement strict austerity measures tied to the country's recent aid package, while also engineering a privatization program. |
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