“Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.” - Milton Friedman
The former centre-right Prime Minister of Portugal, Anibal Cavaco Silva, has won Sunday's presidential election. Mr Cavaco Silva secured 50.6% of the vote - enough to avoid a run-off. The politician finished well ahead of the two Socialist candidates, Manuel Alegre and former President and Prime Minister Mario Soares, who came third. Mr Cavaco Silva is the first centre-right politician to fill the largely ceremonial post of president since Portugal's 1974 revolution. He told supporters after the results were announced: "The task before us is not small, the work will be long and demanding." Mr Cavaco Silva vowed to work with the Socialist government, saying: "I know by my own experience the value of cooperation among government bodies." Mr Soares - the Socialists' official candidate - told supporters: "The results went against my expectations. I accept this defeat with a feeling of mission accomplished." The BBC's Alison Roberts in Lisbon says that several leading Socialist party officials said afterwards that it must reflect on what had gone wrong.
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