Ireland's drastic austerity plan has caused dismay among the public and drawn little enthusiasm from investors, leaving the government vulnerable to angry voters in forthcoming elections.
REUTERS - Ireland's government will face the first real backlash from a vicious set of austerity measures when voters head to the polls in the northwestern county of Donegal on Thursday.
THE REACTION FROM THE IRISH PRESS
But the measures, including cuts to the minimum wage and thousands of job losses, are likely to seal defeat for Cowen's Fianna Fail party in the poll for a vacant parliamentary seat in Donegal and result in Cowen's majority shrinking to just two.
IRELAND: HOW DID THE TOAST OF EUROPE COME TO THIS?
In Dublin, officials from the IMF and the EU will continue talks on a package of loans to cover Irish sovereign funding costs and an injection of fresh capital into its banks that will see Dublin left with effective control of the top three banks.
Date created : 2010-11-25