[ayWCZ7VT]

Of course, this is all relative. Obama would be considered "Conservative" in Portugal...

http://www.bbc.co.uk/news/world-europe-13658998

6 June 2011 Last updated at 01:47 ET

Portugal election: Socialists admit defeat

Democrats celebrate the election result

Portugal's governing Socialist Party has admitted defeat in the general election.

Socialist leader Jose Socrates said he accepted responsibility for the defeat and resigned as head of his party.

The victorious centre-right Social Democrats (PSD) led by Pedro Passos Coelho are expected to form a majority with the conservative CDS.

The new government must implement a demanding austerity programme as a condition for an EU bail-out.

Exit polls gave the PSD between 37% and 42.5% of the vote, ahead of the Socialists who scored between 24.4% and 30%.

"These are clear results which the Socialist Party wants to recognise. All the results point to a win for the PSD and a defeat for the Socialists," Economy Minister Jose Vieira da Silva said.

Announcing his resignation to party supporters in Lisbon, Mr Socrates said: "This defeat is entirely mine and I want to assume full responsibility for it.