Portuguese Prime Minister Costa resigns after residence raided by policy

<p>Portuguese Prime Minister António Costa resigned after police raided his official residence earlier today. Costa has been PM since 2015 and is leader of the Socialist party.</p><p>The investigation is linked to lithium exploration schemes in the north of the country and a green hydrogen mega-project in Sines, according to Politico. More than 40 searches were carried out today.</p><p>Prosecutors have detained his chief of staff and one of his ministers.</p><p>This won't have market-moving implications but it's certainly destabilizing in Portugal and you wonder about corruption in other global green energy projects because the money has been flowing fast. Costa had been a candidate to replace Charles Michel as president of the European Council.</p>

This article was written by Adam Button at www.forexlive.com.