Portugal's new PM promises break with austerity

Portugal's new socialist Prime Minister Antonio Costa promised to break "the spiral of austerity" while implementing a "moderate" programme that respects EU budgetary commitments. "The priority is economic growth, job creation and the reduction of inequalities, which will allow, on a sound basis, the balancing of public accounts," he said at the swearing in of his government. The socialist government, which will be supported in parliament by the radical left, "has set a demanding path to reduce