Tuesday, December 14, 2010

Irish aid vote expected to pass

DUBLIN - Irish legislature be expected that a parliamentary vote on the adoption of an aid package € 67.5 billion (to 89.2 billion$) from the European Union and International Monetary Fund passed Wednesday.

The ruling coalition led by Prime Minister Brian Cowen's Fianna Fail party, is expected to win the vote supporting the legislator unaffiliated to any political party. The Government has passed already 2011 support parts of its budget with the help of independent legislator.

The Irish Times newspaper reported Monday, the Government has secured the support of three independent legislators vote on Wednesday.

Two have a long record to support Fianna Fáil. The third, Joe Behan, could be reached immediately for comment. Behan supports a Government Minister Bill salaries and the minimum wage December 10, cut the Parliament according to records.

Prime Minister Cowen opposition Fine Gael, the work and the meaning of fine, get behind the deal or spell, where you get the money to pay employees in the public sector and welfare checks, effective during Ireland from capital markets locked, borrowing costs remains challenged from the sky.

Work and Sinn Fein have already signaled you will vote against the bailout. Among other measures, both parties have said you extra money would find the restructuring of the senior debt of Irish banks guaranteed by the State.

Damien English, Fine Gael's Deputy Finance spokesman said Monday his party against the bailout will vote.

Fine Gael is opposed to accept aid but broadcaster RTE the party told state English believes a better deal with the EU and the IMF can secure its negotiators. Specifically, believe you get a lower interest rate on the loans agreed as the average 5.8% between donors and Mr. of Cowen's Government.

"We have for a bad deal to vote," Mr English said on Monday.

Prime Minister Cowen said, he wants to call general elections early next year, when the last parts of the budget 2011 passed by the Parliament. The choice is hand power expected to become a fine Gael coalition and work.

Write toJason Douglas at the jason.douglas@dowjones.com


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