Tuesday, February 8, 2011

Ireland through the controversial fiscal austerity bill paving the way for early elections

 Reported that the strict reduction of government spending bill, including the International Monetary Fund and the European Union to provide the conditions needed for rescue loans.

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Reports that Irish political parties on the EU and the International Monetary Fund rescue loan conditions serious differences in views. European Union and the International Monetary Fund to provide relief with the condition that requires substantial cuts in public spending of Ireland.

29 BBC report, the Irish Senate passed a controversial bill to reduce the budget, a move to hold early elections in the country cleared the obstacles.

minority government in power is expected to lead the Irish Prime Minister Brian Cowen announced the dissolution of the parliament next Tuesday. Prime Minister Brian Cowen should decide to accept the International Monetary Fund rescue loan and the European Union caused the Irish political shock, the resignation of Foreign Minister Martin to take the lead, the rest followed at least five cabinet members and a vote of confidence by the ruling party to Cowen, . Although Cowen passed a vote of confidence, but because of the cabinet resigned too, to stabilize the situation, he has resigned from the post of ruling party leader, and announced early elections.

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