Irish lawmakers vote to receive bailout

DUBLIN - Irish legislature voted Wednesday to accept 67.5 billion € in the form of loans from the European Union and International Monetary Fund as part of a package 85 billion to support the Irish affected banks and public finances.

The passage of the vote is an important victory for Prime Minister Brian Cowen's Government coalition, although it is expected to lose energy in general elections early next year in the midst of widespread dissatisfaction with the role of Government in Ireland's financial crisis.

Associated press the Irish Prime Minister Brian Cowen in Dublin on Wednesday.

The Government by a majority of six votes won. The EU and the IMF money will be used to stabilize the Irish banks and offer the Treasury funds while sky high borrowing costs Ireland locked capital markets.

Ireland enters another 17.5 billion € own resources to the bailout and bilateral loans with other Nations and United Kingdom agreed.

Opposition parties Fine Gael, work and sense fine voted against accept loans from the EU and the IMF, say a bad deal for the Irish people represented.

Finance Minister Brian Lenihan, which is early Irish Government drawing to the Fund in the new year, said last week.

To get the second euro zone country, international aid to Greece Ireland. As it turned out, money was the EU and the IMF for investors always reluctant to borrow due to the heavy burden for public finances were promoting their banks which deposits and massive debt guaranteed by the Government in September 2008.

Mr. of Cowen's Government has taken an unpopular cost-saving measures drive aimed to reduce Ireland budget deficit below 3% of GDP until 2014.

Tax increases and cuts in the minimum wage and other discounts on handouts to the poor and the blind have stoked public anger.

Voters are expected to the polls again 2011 budget going final pieces of the Government legislation that 6 billion euros of € 15 billion of tax increases and expenditure cuts in four years, have by Parliament have been adopted.

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