Though Brian Cowen and his Fianna Fail (great name dude) Party soon will.
Irish Debt Crisis Forces Collapse of Government
By LANDON THOMAS Jr., The New York Times
Published: November 22, 2010
DUBLIN – The Irish government faced imminent collapse on Monday, only a day after it signed off on a $100 billion bailout, setting the stage for a new election early next year and injecting the threat of political instability into a European financial crisis that already has markets on edge.
Confronted with high-level defections from his governing coalition, Prime Minister Brian Cowen said he would dissolve the government after passage of the country’s crucial 2011 budget early in December.
His announcement capped a grim day for Ireland, as protesters tried to storm the Parliament building in Dublin, and Moody’s Investors Service, the ratings agency, lowered the rating on Irish debt by several notches.
In summary form, Fianna Fail controls the Irish Parliament by a very thin majority. The Green Party, currently in coalition to provide that majority with 6 seats of its own has officially announced that they’ll vote No Confidence after the signature of the bailout agreement and passage of the new austerity budget.
However up to 5 Fianna Fail members have announced that they won’t wait that long and don’t plan on voting for either the bailout or the budget.
Voter sentiment in Ireland is similar to that in Iceland which was forced to repudiate many offers made by the banksters to safeguard their balance sheets and opposition party leaders are strongly calling for snap elections as a referendum on the government, its policies, the bailout agreement, and austerity.
If elections are held they’ll likely win in a landslide. It’s not certain Fianna Fail can even continue to survive as a party.
Good riddance to bad rubbish. You sleep with dogs, you wake up with fleas.
Of course the banksters are making threats-
EU warns Ireland over snap election
By Bruno Waterfield in Dublin, The Telegraph
10:00AM GMT 23 Nov 2010
The European Union has warned the Irish government that snap elections would be “very irresponsible” as post-bail-out turmoil continues to rock Ireland’s political establishment.
Vital to his staying on in power, were EU warnings that Ireland’s £77 billion bail-out would be jeopardised if the government fell Ireland, a situation that would spark a euro zone debt crisis and lead to the value Irish bonds being wiped out by global markets.
…
“From our perspective, it is important that the government is able to represent Ireland in the talks,” said another EU source. “It would be very unpleasant if there was no one to talk to. That would be very irresponsible.”
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The turmoil means there are question marks over whether the government can pass a four year austerity later this week and a 2011 budget next month, both are preconditions of the EU and IMF rescue programme.
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Declan Ganley, the leader of the successful 2008 Irish No campaign against the Lisbon Treaty, before the vote was overturned last year, accused the EU of destroying Ireland’s political class by pressuring it into an unpopular bail-out to preserve the euro.“The Irish political class has been sacrificed on the altar of expediency by those they thought were their friends in Brussels, Berlin and Paris,” he said.
Yes, more like that please. I hope you starve just like the workers you betrayed you arrogant idiots.
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