(3 Jul 2013)
AP TELEVISION
1. Wide of street, banner on fence reads (Portuguese): "Stop throwing tantrums. Portugal first," CDS-PP (Popular Party) headquarters in background
2. Close up of CDS-PP flag outside headquarters
3. Tilt from flags to entrance of CDS-PP headquarters
4. Tracking shot of Luis Queiro, Vice-President, CDS-PP, walking into building
5. Zoom in Queiro arriving at news conference
6. Cutaway of photographer
7. SOUNDBITE: (Portuguese) Luis Queiro, Vice-President, CDS-PP (Popular Party):
"(We will) send the president of the party as soon as possible, to meet with the PSD leader, to define the circumstances (needed) to guarantee a viable solution for the government of Portugal."
8. Mid of journalist
9. SOUNDBITE: (Portuguese) Luis Queiro, Vice-President, CDS-PP (Popular Party):
"Even when the Minister (of Agriculture) Assuncao Cristas and the Minister (of Solidarity and Social Security) Pedro Mota Soares offered their resignation, it was considered very important for them to stay in their positions so as not to make it harder for us to overcome this crisis."
10. Pan across Queiro leaving briefing
STORYLINE:
Portugal pitched European financial markets into turmoil on Wednesday as the coalition government came close to collapse in a dispute over austerity measures before stepping back from the brink, reminding investors that the eurozone's debt crisis is not over.
The two governing parties found common ground late in the day when the junior coalition party, the Popular Party, agreed to hold urgent talks with the senior Social Democratic Party to resolve their differences and save the government.
Popular Party Vice President Luis Queiro said that leader Paulo Portas, whose resignation as Foreign Minister on Tuesday threw the coalition into disarray, will meet personally with Prime Minister Pedro Passos Coelho.
"(We will) send the president of the party (Portas) as soon as possible, to meet with the PSD leader (Coelho) to define the circumstances (needed) to guarantee a viable solution for the government of Portugal," said Queiro at CDS-PP headquarters.
Queiro also announced in an evening statement after a day of tension that his party's two Cabinet members will stay in their jobs.
"Even when the Minister (of Agriculture) Assuncao Cristas and the Minister (of Solidarity and Social Security) Pedro Mota Soares offered their resignation, it was considered very important for them to stay in their positions so as not to make it harder for us to overcome this crisis," he said.
However, he warned his party will carefully examine future spending cuts.
The market turmoil was a reminder of the delicate path bailed-out countries like Portugal must tread to get their finances back on an even keel and the dangers they face.
Coelho defied calls to resign but spent some tense hours trying to convince his coalition partners to stay the course.
If the governing coalition collapsed, the ruling party would not have enough votes in parliament to pursue the reforms required to keep accessing the international bailout loans it depends on to avoid bankruptcy.
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