NEW : Pedro Passos Coelho , a Social Democrat , says , `` We are n't afraid of working '' NEW : To be Portugal 's prime minister after his party forms coalition government . His plan , he said , would do so by reducing costs , increasing productivity and pushing viable industries by instituting `` predictable tax policies , effective conflict resolution and reducing bureaucracy . '' Incumbent Jose Socrates , whose party got 28 % of the vote , admits defeat . Comment:
NEW : Pedro Passos Coelho , a Social Democrat , says , `` We are n't afraid of working '' NEW : To be Portugal 's prime minister after his party forms coalition government . Incumbent Jose Socrates , whose party got 28 % of the vote , admits defeat . Comment: