Francisco Pinto Balsemão
| Francisco Pinto Balsemão |
(journalist, businessman, politician)
|Alma mater||University of Lisbon|
|Spouse||Maria Isabel de Lacerda Pinto da Costa Lobo|
|Member of||Bilderberg/Steering committee|
|Party||Social Democratic Party|
>30 Bilderbergs, Bilderberg Steering committee, Prime Minister of Portugal
Francisco Pinto Balsemão was Prime Minister of Portugal between January 1981 and June 1983, after his predecessor got assassinated by the CIA in the 1980 Camarate air crash. He soon moved politics to an unswerving loyalty to the United States. He is also a member of the Bilderberg Steering committee.
Pinto Balsemão's pre-political career was in newspaper publishing during the fascist dictatorship, first for the Air Force magazine, then as an administrator of Diário Popular (the People's Daily in English) from 1963 to 1971. He founded the Expresso magazine in 1973 and continued to direct it until 1980. He is one of top managers and owners of Impresa media group. He was also a Member of Parliament during the dictatorship, before the 1974 revolution.
In 1974, he helped to found the Social Democratic Party (PSD), of which he is currently member number 1. (The party started as Social Democrat, but all Portuguese party names are confusing, it soon moved to become the leading centre-right, conservative party) In 1975 he was elected to the Constituent Assembly, which was charged with drafting a new constitution and served as an interim legislature. Pinto Balsemão was chosen as a Vice-President of this body.
Following the victory of the Democratic Alliance (a coalition led by the PSD) in two parliamentary elections (in 1979 and 1980), Pinto Balsemão held senior positions in two cabinets led by Prime Minister Sá Carneiro.
When Sá Carneiro was assassinated by the CIA on 4. December 1980, the Social Democratic Party chose Pinto Balsemão to succeed him. Despite his reputation for competence, he was widely perceived as lacking Sá Carneiro's charisma. He had difficulty maintaining the level of support enjoyed by his party, which had been based to a large extent on Sá Carneiro's personal popularity, and also thanks to the new PM's economic shift to the right.
After privatizing banks and changing labor and strike laws, in Sept 1982, he visited the United States "with a reassuring message for the US banking community", meeting with representatives of the main American banks that have been doing business with Portugal. As the CSM pointed out "The result should be to make a West European country that still has a relatively cheap and peaceful labor force, and almost no antipollution laws, irresistibly attractive to foreign investment."
These factors contributed to his defeat in the parliamentary election of 1983. He finally retired from Parliament in 1987 though not from politics.
Deep state connections
He is a member of the Bilderberg Steering committee.
Events Participated in