IBOV 175,664.62 ▲ 0.30% IPSA 11,445.90 ▼ 0.22% IPC MEX 65,484.32 ▼ 0.53% MERVAL 2,979,472 ▼ 0.72% COLCAP 2,457.87 ▼ 1.28% BVL PERÚ 60,779.49 ▼ 1.40% USD/BRL5.18▼ 0.18% USD/MXN17.01▼ 0.15% USD/CLP930.58— 0.00% USD/COP3,200— 0.00% USD/PEN3.36▲ 0.41% USD/ARS1,512▼ 0.03% USD/UYU40.27▲ 1.47% USD/PYG5,900▲ 1.27% USD/BOB11.78▲ 3.30% USD/DOP58.75▲ 0.24% USD/CRC446.65▲ 0.97% USD/GTQ7.62▲ 2.20% USD/HNL26.84▲ 0.40% USD/NIO36.62— 0.00% USD/VES793.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 0.84% EUR/BRL6.01▼ 0.38% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 175,664.62 ▲ 0.30% IPSA 11,445.90 ▼ 0.22% IPC MEX 65,484.32 ▼ 0.53% MERVAL 2,979,472 ▼ 0.72% COLCAP 2,457.87 ▼ 1.28% BVL PERÚ 60,779.49 ▼ 1.40% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Monday, August 31, 2026

How a Forgotten Socialist Came Back to Stop Portugal’s Populist Right — And Why the Victory May Be Temporary

By · February 8, 2026 · 3 min read

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Key Points
António José Seguro, who quit politics in 2014 after losing his party leadership, returned to win Portugal’s presidency with roughly 67% of the vote — one of the largest margins in the country’s democratic history.
His opponent André Ventura founded his populist-conservative Chega party just seven years ago with one seat in parliament; it now holds 60, making it the official opposition and the fastest-growing political force in Western Europe.
The vote happened during Portugal’s worst storms in decades, with three municipalities unable to open polling stations, yet voters turned out anyway — turning the election into a test of democratic resilience itself.

For half a century, Portuguese politics worked like a quiet clock. Two parties — one center-left, one center-right — traded power peacefully while the presidency stayed above the fray. This is part of The Rio Times’ daily coverage of Latin American news and financial markets.

Related: The End of an Exception: Portugal Dismantles Its Liberal Citizenship Path

That system is now broken, and Sunday’s election was both proof of the damage and an attempt to contain it.

António José Seguro, 63, crushed populist-right leader André Ventura in a presidential runoff, capturing between 68% and 73% of the vote according to public broadcaster RTP. It was only the second runoff in Portuguese democratic history, and the first ever to feature a populist-conservative candidate.

Seguro set an all-time record for total votes cast for a president.

The backstory makes the result more remarkable. Seguro led the Socialist Party from 2011 to 2014, lost the leadership to António Costa, and disappeared into private business.

Portugal's populist right - How a Forgotten Socialist Came Back to Stop Portugal's Populist Right — And Why the Victory May Be Temporary
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He came back because nobody else could unite the fractured left — and because Ventura’s rise alarmed mainstream Portugal.

Ventura, a 43-year-old former football commentator, built Chega (“Enough”) from nothing in 2019 into a 60-seat parliamentary force by 2025, overtaking the Socialists to become the country’s second-largest party.

His weapons were anti-immigration rhetoric, social media savvy, and billboards reading “This isn’t Bangladesh.” A Lisbon court ordered him to remove posters targeting the Roma community, ruling them discriminatory and imposing €2,500 daily fines. He appealed three days before the vote.

The international divide was instant. Hungary’s Viktor Orbán congratulated Ventura after the first round, declaring “patriots across Europe are on the rise.” Brazil’s Lula called Seguro’s win “a victory of democracy.”

European Commission President Von der Leyen praised Portuguese voters’ “remarkable democratic resilience” — a nod to the devastating storms that killed at least five people and caused over €4 billion in damage in the weeks before the vote.

Here is the part that matters beyond Portugal. Ventura lost the presidency badly, but his 33% exceeded the ruling coalition’s share in last year’s parliamentary elections.

He now leads the official opposition in a fragmented legislature where the center-right government survives partly on Chega’s tolerance. Seguro takes office March 9 with the power to dissolve parliament — creating a left-right standoff Portugal has rarely tested.

In his victory speech, Seguro skipped celebration entirely and addressed storm victims first. “I will not accept bureaucracies that delay aid,” he told the government. The message was clear: this presidency will not be ceremonial.

Whether that is enough to reverse the forces driving Chega’s rise — housing shortages, strained public services, immigration anxieties, and four elections in six years — is the question no single election can answer.

Related coverage: Brazil’s Morning Call | Venezuela Frees Opposition Leader Juan Pablo Guanipa as Sund

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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