THE PRESIDENT of the Regional Government of Madeira, Alberto João Jardim, threatened to resign on Sunday if mainland government plans for regional financing reform get pushed through.
As The Resident was going to press, a meeting of the local PSD was being held, when it was expected the ‘King of Madeira’ would resign in protest against the ratification of the PS government’s new regional finance law in which Madeira would get a smaller slice of the taxation cake.
The meeting was to be followed by a communication from the President of Madeira in which he is expected to hand in his resignation.
Should he resign his position as President of the Regional Government of Madeira, the Portuguese Republic’s Representative for the Region, Monteiro Diniz will have to hold meetings with members of the ruling PSD-Madeira party in the Regional Legislative Assembly before informing President Cavaco Silva.
According to the law, Cavaco Silva will have to consult the Council of State before dissolving the Regional Legislative Assembly and calling for elections, which could happen in June.
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