 This same source also added that the Prime Minister, Jose Sócrates, "at the same time" proposed the nomination of Fernando Teixeira Dos Santos as minister of Finances to the President of the Republic, Jorge Sampaio.Minister of Finances Teixeira dos Santos was pivotal as the highest-ranked officer of the country, involved in the management of all the issues related to the Portuguese sovereign debt crisis.As the months went on the Portuguese debt crisis got worse, an International Monetary Fund rescue plan was put in place, and the Sócrates' cabinet was dissolved.