Irish Premier to Dissolve Parliament; Opposition Presses Bailout Renegotiation
Brian Cowen, prime minister of Ireland, will dissolve Parliament on Tuesday and name the date for an election.
Greens Split From Irish Government; Parties Demand Finance Bill Passage
The Greens, the junior coalition party in Ireland, withdrew from Prime Minister Brian Cowen’s government on Sunday, continuing the tumult with which the nation ended the week.
Ireland Roiled by Cabinet Resignations; Doubts on Funding Spain’s Banks
A surprise move on Thursday by Ireland’s Prime Minister Brian Cowen blew up in his face as an intended reshuffle of his Cabinet resulted instead in fury from coalition partners and others. Meanwhile, Spain, seeking to soothe its own financial troubles, planned to recapitalize its banks.
Ireland Austerity Budget Passes First Round
On a day that was as cold and dismal as something out of Dickens, Ireland's Parliament voted Tuesday to accept the severe austerity budget presented by Prime Minister Brian Cowen.
Ireland Unveils 4-Year Austerity Plan; Two Large Banks to Be Taken Over
Ireland unveiled its four-year austerity plan on Wednesday, which included the take over of two of the country's largest banks.
Irish Government Collapses Under Weight of Debt
Brian Cowen, Ireland's prime minister, said that he will dissolve his government once the austerity budget necessary for an EU-IMF aid package is passed.
Ireland’s Acceptance of Bailout Fails to Impress Markets
Although Ireland formally accepted the need for a bailout, requesting help from the EU and International IMF on Sunday, the world markets failed to be impressed on Monday.
Ireland Accepts Bailout From EU
Ireland formally accepted the need for a bailout, requesting help from the European Union and International Monetary Fund on Sunday.
Bonds Still Spell Trouble for Ireland, Greece
Irish bonds fell Friday when Allied Irish Banks PLC announced that deposits had dropped 17% during the crisis. As the European Union (EU), International Monetary Fund...
Ireland Steps Back From Brink as Bailout Expected
Ireland's situation, which had grown more tenuous as fears spread of default, eased on Thursday, as Patrick Honohan, Ireland's central bank governor, said he expected loans of "tens of billions" of euros.