Portuguese Prime Minister Pedro Passos Coelho (R) speaks beside Portuguese vice prime minister Paulo Portas (L) during a debate at the Portuguese Parliament in Lisbon on Nov. 9, 2015. AFP PHOTO / PATRICIA DE MELO MOREIRA
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Prime Minister Pedro Passos Coelho, whose government faces a vote that may topple it in the opposition-dominated parliament, warned on Monday that leaving the path of reforms and meeting euro zone commitments would be ruinous for Portugal.In a vote on the center-right government's program likely to take place on Tuesday, the leftist parties are set to use their parliamentary advantage to topple the minority administration and back a new Socialist-led administration.Portugal's benchmark 10-year bond yields soared over 20 basis points to 2.87 percent on Monday -- their highest since July -- in anticipation of higher borrowing costs after the Communists threw their support behind a Socialist administration.However, the far-left partners have so far only promised parliamentary support without entering the government.
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