Portugal's Prime Minister Antonio Costa has picked Fernando Medina, a former mayor of Lisbon like himself, as his new finance minister tasked with reducing the budget gap as the war in Ukraine clouds the prospects of post-pandemic recovery.
Medina, 49, replaces Joao Leao, who had been part of Costa's minority Socialist government since mid-2020. The new government, this time backed by the party's parliamentary majority, will be sworn in on March 30.
