AP TELEVISION 1. Portuguese President Anibal Cavaco Silva arriving for news conference 2. SOUNDBITE (Portuguese) Anibal Cavaco Silva, Portuguese President: "Since it was not possible to reach an agreement of national salvation, I think the the best alternative is the continuation in office of the current government with reinforced guarantees of union and strength of the coalition until the end of the legislation (the term in power). The executive (the government) has a majority in parliament - as recently was confirmed. It has to be clear for the Portuguese people and for our European partners that Portugal is a governable country." 3. Various of cameramen 4. SOUNDBITE (Portuguese) Anibal Cavaco Silva, Portuguese President: "The partners of the government coalition have to make a concerted effort to make - with strength and credibility - negotiations with the international institutions that the Portuguese situation demands. The coalition parties presented to the president additional guarantees of a solid understanding to reach that goal, and information that the government will ask to the parliament for a "vote of confidence" where it will explain the main lines of the social and economic policy until the end of the legislature." 5. Close of photographer 6. Close of cameraman 7. SOUNDBITE (Portuguese) Anibal Cavaco Silva, Portuguese President: "It is essential that both parties that make part of the coalition be synchronised in a durable and unequivocal way to finish successfully the programme of financial assistance and for Portugal to be back in the markets to assure the normal financing of the state and the economy." 8. Cavaco Silva leaving 9. Close of Portuguese flag 10. Wide of presidential palace 11. Tourists taking pictures next to guard outside the presidential palace STORYLINE Portugal's president has accepted a compromise reached by the coalition government that allows it to stay in power, defusing a crisis that had roiled financial markets. In an address to the nation on Sunday, President Anibal Cavaco Silva ruled out early elections, opting for "the best alternative" which is "the continuation in office of the current government." "The partners of the government coalition have to make a concerted effort to make - with strength and credibility - negotiations with the international institutions that the Portuguese situation demands," he said. The coalition nearly split on July 2 when Foreign Minister Paulo Portas, the leader of the junior party, threatened to resign. A compromise was reached within the coalition when Portas was appointed deputy to Prime Minister Pedro Passos Coelho, but this step required the president's agreement, which he gave late on Sunday. The political dispute had raised fears that Portugal would be unable to abide by the terms of its 78 (b) billion euro (102 (b) billion) international bailout. "It is essential that both parties that make part of the coalition be synchronised in a durable and unequivocal way to finish successfully the programme of financial assistance and for Portugal to be back in the markets to assure the normal financing of the state and the economy," Cavaco Silva added. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/f142eb00c81c9733a4f894af18bac535 Find out more about AP Archive: http://www.aparchive.com/HowWeWork

• published: 31 Jul 2015
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