The World: Portugal: Squeezing Out the Moderates

With brisk dispatch, Portugal's leftist-dominated Revolutionary Council moved last week to consolidate its powers. In the aftermath of the previous week's right-wing coup attempt, the all-military 24-member council appeared on television for the first time before being sworn in at ceremonies in the president's office at Belém Palace.

Even before the swearing-in, the council had decreed the nationalization of Portugal's banks and insurance companies, which control more than half of the country's industries. Last week Premier Vasco dos Santos Gonçalves, who together with President Francisco da Costa Gomes remains at the head of...

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