InfoAnda - Ireland facing tough annual budget to secure bailout

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Riding another hot streak, Rangers' Michael Young reaches another milestone | 9 July 2011
Senator Rockefeller proposes do not track bill | | 10 May 2011
US, China to cooperate 'closely and urgently' | 13 March 2009

Jackass co-star dies in car crash in Pennsylvania | | 21 June 2011

Forum Views () Forum Replies ()

Read more with google mobile : Ireland facing tough annual budget to secure bailout

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Ireland facing tough annual budget to secure bailout AFP - 2 hours 46 minutes ago Send IM Story Print Ireland facing tough annual budget to secure bailout DUBLIN (AFP) - – Crisis-hit Ireland, buckling under huge debts, will this week launch its 2011 budget to slash spending and lift taxation, as part of ongoing efforts to secure a huge EU/IMF international rescue package. Irish Finance Minister Brian Lenihan is due on Tuesday to address the Dail, or lower house of parliament, and is expected to unveil savings of about six billion euros (eight billion dollars). Tuesday's statement will be the first in a series of budgets to implement a combined fiscal correction of 15 billion euros over the next four years. Lenihan is seeking to slash Ireland's public deficit from about 32 percent of GDP this year -- a record high for the eurozone -- to below the target deficit of 3.0 percent by 2015. The former Celtic Tiger nation wants to win a huge rescue package of up to 85 billion euros (113 billion dollars) from the European Union and the International Monetary Fund to help fix its devastating debt crisis. After Tuesday's budget, lawmakers will hold a vote over the measures -- but the outcome of this is shrouded in uncertainty, analysts said. "The recent Irish rescue package was dependent upon the passing of the budget through parliament," said Investec economist Philip Shaw. He added: "Current thinking is that it will pass, either via the necessary independents backing the bill, or by the main opposition party, Fine Gael, abstaining. However, there remains an air of uncertainty." Ireland's governing Fianna Fail/Green party coalition, led by Prime Minister Brian Cowen, is nursing a slender parliamentary majority of just two after losing a recent by-election. As a condition for the huge bailout, the EU/IMF has said that Dublin needed to "rigorously implement the budget for 2011 and the fiscal consolidation measures announced afterwards". Dublin, savaged by bank bailouts, a property market meltdown and recession-ravaged tax revenues, unveiled a four-year strategy last month to slash a huge deficit and save 15 billion euros by 2014. That represents a huge amount for a country with a population of almost 4.5 million people. Unpopular Cowen, a member of the Fianna Fail party, has promised to hold a general election in the new year -- as soon as parliament passes his tough budgetary measures. His personal and party support has slumped to record lows following the EU-IMF bailout deal, a recent poll showed. The Red C survey for The Irish Sun newspaper, the first conducted since the bailout was unveiled one week ago, shows that Cowen's personal rating is just eight percent. His centrist Fianna Fail party has also plummeted to 13 percent compared to the 42 percent backing it received in the 2007 general election. Last month, the government presented a series of tax rises and cuts to public sector pay, pensions and social welfare. Cowen has vowed to keep Ireland's prized low rate of corporation tax, but has pledged to overhaul income and sales levies over the next four years. Recommend Send IM Story Print News Search Top Stories Ireland facing tough annual budget to secure bailout Ex-fugitive Nadir threatens to sue British police Madrid forces end to air controllers strike Serbs stick with Zimonjic and Troicki for doubles Gbagbo denounces foreign 'interference' in I.Coast More Top Stories » Related Full Coverage Financial falloutLatest news on global credit crunch. All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended NASA finds new form of life... on Earth WikiLeaks arrest looms as site fights to stay online Obama on surprise Afghanistan visit, says US winning war Climate: Kyoto row rocks UN talks Suspect in Hollywood PR shooting commits suicide More Most Viewed » NASA finds new form of life... on Earth Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack Obama gets 12 stitches after 'elbow in the lip' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 5 December 2010
Iran tells Gulf Arabs it is no threat to region
Madrid forces end to air controllers wildcat strike
Deadly Israeli fire rages on despite global aid |
Deadly Israeli fire rages on despite global aid
Serbs stick with Zimonjic and Troicki for doubles
Greek police find suspected guerrilla arms cache |
Two killed as plane makes emergency landing in Russia
Gbagbo denounces foreign 'interference' in I.Coast
Iran welcomes talks with world powers
Israel arrests two suspects in deadly fire
Netanyahu and Abbas hold rare phone chat over fires
Kenyan forces kill five Ethiopian rebels |
Afghan president doubts credibility of US leaked cables
Iran will 'never use' force against Muslim neighbours
Sudan's south rejects bid for delay of January 9 vote |
Iran pilgrims among 13 dead in Iraq bombings
Al Qaeda planned to kill Saudis with poisoned gifts
Polanski's 'Ghost Writer' top contender at Europe's Oscars
Disney sells Miramax to Qatar-linked group
Google to buy anti-piracy software firm Widevine |
New Mel Gibson movie finally heads to theaters |
Suspected Russian spammer denied bond: report
PayPal suspends WikiLeaks donations account
Russian 'spy' found in British parliament
Polls open in Egyptian run-off parliament vote
Cold snap, air strike and floods bring chaos to Europe
Spain reopens airspace after controllers' strike |
WikiLeaks faces donations blow as it fights for survival
Egypt vote leaves near single-party parliament
Ireland facing tough annual budget to secure bailout
CrowdFlower cultivating office-free work styles
China Internet cafe explosion kills 6, injures 37: report |
Ex-fugitive Nadir threatens to sue British police
Hosni Mubarak party to sail through boycotted Egypt vote
Deadly Israeli fire rages on despite global aid |
Madrid forces end to air controllers strike
Spain eyes role in Costa Rica-Nicaragua border spat
US-TECH Summary
Afghan minister disputes US diplomatic cable
Polls open in Egyptian run-off parliament vote |
Two killed as plane makes emergency landing in Russia
Thabo Mbeki to mediate Ivory Coast poll row |
Sudan's south rejects bid for delay of January 9 vote
Russian airliner makes emergency landing, 2 dead |
WikiLeaks boost for Singaporeans
South Korea appoints new defence minister
Outpouring of love as Thais celebrate King's 83rd birthday
Cambodian refugee goes home as US Navy commander
The Sultan and I have no qualms: Indonesian President
Responders head to disabled ship in Bering Sea
Nepal's gentle giants do battle on the polo field
Indonesia creates team to study WikiLeaks cables
US-ENTERTAINMENT Summary
S.Korea lawmakers call US trade deal 'humiliating'
Aretha Franklin "doing very well" after surgery
Australia Outback could soon get web via TV aerial
Polanski's 'Ghost Writer' steals the show at Europe's Oscars
Pietersen swells England's Ashes lead with double hundred
India's Tata plans hiring spree in Detroit
Luanda's Triennial boosts Angola's nascent art scene
US, key Asian allies to forge strategy on N.Korea
New Mel Gibson movie finally heads to theaters
China's skyscraper boom buoys global industry
Filipino justice head wants to arm lawyers, judges
S.Korea parliament closer to sukuk issues approval
Bangladesh's Grameen Bank denies wrongdoing
Sarkozy pushes defense, nuke cooperation in India
Aretha Franklin doing very well after surgery |
Human error 'to blame for Russian plane crash'
At least two killed in Afghan suicide blast
Russian spy uncovered in British parliament |
Hunt for WikiLeaks founder 'politically motivated'
Iran declares nuclear 'self-sufficiency' ahead of talks
Defiant Iran reports nuclear advance before talks |
Cancun climate talks enter final stretch
Defiant Iran reports nuclear advance before talks
Mbeki to mediate I.Coast 'two presidents' standoff
Suicide attack kills 4 near NATO base in Afghanistan |
Egyptians vote in run-off after opposition quits
North Korea says South's drills provocative |
Iran to process its own raw uranium yellowcake
Hong Kong protesters demand China free Nobel winner Liu |
Bomb blast hits eastern Afghan army base, kills 2
Saudi nabbed 2,000 at Yemen border per day: cable |
Egyptians vote in run-off after opposition quits |
Sarkozy and wife hit tourist trail in India
China Internet cafe blast kills 6 and injures 38
Seven killed in China cybercafe blast
Taiwan warned against jailing ex-leader's wife
Tow vessel reaches struggling ship in Bering Sea
Thai king leaves hospital for 83rd birthday
US Navy commander returns to Cambodian roots
Malaysian police fire tear gas on opposition protest
Obama touts S.Korea trade deal, looks for more
WRAPUP 2-Obama touts S.Korea trade deal, looks for more
Malaysia PM launches Anwar attack ahead of polls
Suntory to tie up with SKorea's OB: report
Land disputes hit Indian infrastructure schemes
Vietnam's 'tiger' economy limping: investors
South Korean trade minister defends deal with US
Brazil's Vale says HK shares to start trading
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01