Portugal will hold an election to choose a new president on Jan. 24, the president's office said on Thursday in a statement.
If none of the candidates get more than half of the valid votes that are cast, a second round will be held on 14 February 2016.
The second round will only be between the two candidates with the most votes in the first round.
The next president is to be sworn in on 9 March 2016, the last day of the current president’s term of office.
The election campaign has been set to run between10 and 22 January.
The first public debate between the 10 nominated candidates for the election of the President of the Portuguese Republic on January 24, 20016 was broadcasted by radio (Antena 1). Top topics were, among others, the possible dissolution of the parliament and the bank bailout of Banif.
 All candidates agreed that neither missing the deficit criteria nor a breach of pre-election promises or international treaties would justify to dissolve the parliament and to mandate new elections – the “atomic bomb” of the presidential power, as Marcelo Rebelo de Sousa, leader in the polls said, stressing the superiority of the constitution above all other laws.
The measurements planned by the government to rescue the Banif bank were discussed controversially. The majority of the candidates were against subsidizing the bank with public money.
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