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 Ireland Races to Pass Budget as Government Collapses

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Ireland Races to Pass Budget as Government Collapses Vide
PostSubject: Ireland Races to Pass Budget as Government Collapses   Ireland Races to Pass Budget as Government Collapses Icon_minitimeMon Jan 24, 2011 3:35 am

Irish political leaders said they’ll press to pass a budget before elections as the collapse of Prime Minister Brian Cowen’s coalition threw the government into disarray.

Finance Minister Brian Lenihan will meet at 4 p.m. today with lawmakers from the Green Party, which withdrew from the coalition yesterday, and opposition parties in Dublin to discuss a timetable for passing the Finance Bill. The plan would enact 6 billion euros ($8.2 billion) of tax increases and spending cuts.

Passing the budget is a condition of Ireland’s 85 billion- euro aid package from the International Monetary Fund and the European Union. The Greens said yesterday an election may take place late next month. Cowen said the finance bill has to pass before national elections are held as scheduled on March 11.

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