Portugal Likely to Reelect President Amid Crisis

Portuguese President Anibal Cavaco Silva is tipped to win the election

Portugal holds a presidential election on Sunday likely to keep incumbent Anibal Cavaco Silva in office.

The latest polls give 71-year-old Cavaco Silva, an economist who was a center-right Social Democrat prime minister from 1985-1995, around 60 percent of the vote, against 20 percent for his closest rival, 74-year-old prominent poet Manuel Alegre of the ruling Socialists.

The campaign has focused on the country's determination to cut its budget deficit. Analysts predict Portugal's economic problems will sooner or later force it to accept a bailout like the ones provided to Greece and Ireland in 2010.

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