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Lisbon's Socialist mayor Antonio Costa, tipped to succeed centre-right Prime Minister Pedro Passos Coelho, stepped down Wednesday to fight Portugal's parliamentary elections this autumn. "It is time to open a new chapter for the Lisbon town hall as for the country as a whole," said Costa, who has held the mayor's post since 2007. The Socialist Party, seen as favourites to win this year's elections, last year installed Costa, 53, as its prime ministerial candidate. The Socialist Party won the European elections last May, however the main opposition party has been shaken by a corruption scandal involving former prime minister Jose Socrates.

 

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