President says Portugal must respect EU, avoid return to crisis

Portugal's new center-right president took office on Wednesday, telling the Socialist government to stick to budget rigor demanded by Brussels to avoid a return to economic crisis. Marcelo Rebelo de Sousa takes over the presidency at a time of growing pressure on the government to cut spending further to meet budget goals, which could exacerbate growing friction between the ruling Socialists and their far-left allies in parliament. "We have to be loyal to the commitments we have adopted, especia