InfoAnda - Ireland readies budget plan as massive bailout looms

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

Golf: Asian Tour to grow in 2009 despite economic crisis | 4 December 2008
Knickers and kisses just a pizza the action on World Records Day | 13 November 2008
Girls Gone Wild chief bites back at Piranha 3D | | 21 August 2010

Spain government trails opposition by 14 points: poll | | 3 July 2011

Forum Views () Forum Replies ()

Read more with google mobile : Ireland readies budget plan as massive bailout looms

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 readies budget plan as massive bailout looms AFP - 12 minutes ago Send IM Story Print DUBLIN (AFP) - – Ireland moved Saturday towards finalising its four-year crisis plan for cutting its budget deficit which could pave the way for a multi-billion euro bailout. As concerns grow in the continent about European economies feeling the knock-on effects of Ireland's plight, Prime Minister Brian Cowen's cabinet was set to gather for an emergency meeting to put the finishing touches on its austerity plan. "A cabinet meeting is likely on Sunday, in the afternoon," Cowen's spokesman said. The four-year plan is aimed at sorting out Ireland's budget deficit. The government has pumped some 50 billion euros into its stricken banks, pushing its public deficit to 32 percent of output -- more than 10 times the EU limit. The new austerity drive is looking to save 15 billion euros between now and 2014. The cabinet is expected to finalise the new budget measures, which should be announced by Tuesday. Agreeing on the austerity plan could unlock tense negotiations with the European Union, the European Central Bank (ECB) and the International Monetary Fund (IMF) on a bailout for the Irish economy, as the talks ran into a third day. Irish Agriculture Minister Brendan Smith said intense work had been ongoing on the plan and the cabinet would be meeting again Sunday to consider it. "It will be published in the early part of the coming week," he told RTE state radio. "Over the last week or so relevant officials from the Department (of Finance) and from the relevant state agencies have been involved in technical discussions with representatives from EU organisations. "Those discussions are ongoing. My understanding is that those discussions are going fine." The international mission is subjecting Ireland's books to forensic analysis, looking at the reasons for the collapse of the one-time "Celtic Tiger" economy. Ireland's public finances were ravaged by costly banking sector rescues, a property market meltdown and the global recession. The bailout package could be worth between 40 and 100 billion euros. The money could be used by the Irish government to prop up the republic's banks, whose huge debt levels have triggered fears of a repeat of the Greek crisis. Ireland's financial sector is still fragile despite the recapitalisation. The government is determined that any deal will not require compromise on Ireland's long-cherished 12.5-percent rate of corporate tax, believed to be key in attracting foreign investment. The tax has helped to encourage companies to re-locate to the republic but EU heavyweights such as Germany claim the low tax rate gives Ireland an unfair advantage and are expected to demand the rate be raised as part of any deal. French President Nicolas Sarkozy hailed the "unprecedented effort" being made by Ireland to sort out its budget but said he could not imagine that Dublin would not raise tax rates. "What the Irish government is doing is courageous and justified," he said. "Faced with a situation like this, there are two levers they can pull: spending and receipts. I cannot imagine that our Irish friends... would not use this because they have more room for manoeuvre than others, their taxes being lower than all the others. "It's not a demand, it's an opinion," he added. Germany's Economy Minister Rainer Bruederle said Ireland's financial collapse had not put the eurozone in danger. "With the euro rescue plan, we have an effective instrument to ensure the stability of the monetary union. Ireland currently has sufficient reserves of liquidity. The situation is being analysed from day to day," Bruederle said in an interview with the weekly Focus magazine to appear Monday. German weekly Der Spiegel said eurozone countries were preparing a 100 billion euro package to bail out Ireland. An alternative plan of 45 to 50 billion euros was also being considered, it said. Recommend Send IM Story Print News Search Top Stories Ireland readies budget plan as massive bailout looms US tanker decision delayed to 2011: Air Force Cash-strapped Brits want royals to foot wedding bill One in five Americans suffer mental illness: survey 9/11 rescuers agree huge compensation deal More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Brazilians flaunt Kate's engagement ring, for 3 dlrs 9/11 rescuers agree huge compensation deal Warner Bros scrambles to pull online Harry Potter clip One in five Americans suffer mental illness: survey Cash-strapped Brits want royals to foot wedding bill More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid 'Naked' airport scanners may be 'dangerous' 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 Saturday, 20 November 2010
Israel planes hit Gaza targets after rocket fire
Brazilians flaunt Kate's engagement ring, for 3 dlrs
WikiLeaks chief appeals Swedish arrest warrant
Israel and U.S. struggling to conclude settlement pact
Google agrees to delete Street View data in Britain
Israel and U.S. struggle to conclude settlement pact |
Suspected Germany-bound bomb was 'security test'
NATO: 2 leaders of al-Qaida linked network seized
Azerbaijan frees second opposition blogger: lawyer
Lawmakers block Mexico's crucial drug war reforms |
Suspected Germany bomb was 'security test'
NATO service member dies in Afghanistan
Telefonica to launch low cost mobile operator: report
Angry Taiwan hackers attack taekwondo website
Nigeria seizes $9.9 million heroin shipment from Iran |
Nokia acknowledges limited N8 power problem
Madagascar army rejects use of force against rebels |
RIM says confident of resolving India concerns
Dell rises on expectations of solid sales to government
Putin, Wen, other leaders in bid to save the tiger |
Startup lets doctors enter prescriptions on iPad
China, Angola sign agreements as vice-president Xi visits
Nokia acknowledges limited N8 power problem
Indonesia to probe fresh maid torture case in Saudi Arabia
US-TECH Summary
Suu Kyi urges US to be careful in Myanmar dialogue
U.S. may soon announce security deal with pilots
Japan takes lead in Atlantic bluefin tuna battle
Twelve dead in Indian air force helicopter crash
US-ENTERTAINMENT Summary
"Glee" cast to tour Britain, Ireland next year
Broom-wielding quidditch players sweep New York
Pentagon aware of China Internet rerouting |
Century after death, Tolstoy sidelined in modern Russia
Exhibit threads Chinese, Roman empires with silk
Groupon considers sale to Google: reports |
Franco tomb inaccessible on 35th anniversary of his death
Ghosts of the past: photo fair looks to ex-Soviet east
Fencing for the blind builds confidence in Uruguay
Oracle-SAP testimony wraps without HP CEO showing |
EU orders Italy to pay back Elton John subsidy
Vedanta lines up six billion dollars for Cairn India deal
Anne Hathaway talks of "Love and Other Drugs"
India's top microlender seeks to allay fears over solvency
Japan and Mongolia to jointly exploit rare earths
MSNBC suspends another host for political gifts |
Actor Wesley Snipes headed to prison for tax evasion |
Justin Bieber announces first U.K. arena tour |
Glee cast to tour Britain, Ireland next year |
Israel planes hit Gaza targets after rocket fire
Berlusconi aide was 'liaison' with mafia: court ruling
Bicycle bomb kills at least 3 in east Afghanistan
Facebook founder fodder for animated film
Emotions spill over in New Zealand coal mine drama |
Germany's Greens kick off party conference in high spirits
US tanker decision delayed to 2011: Air Force
U.S. bars Palestinian statehood moves in U.N. agencies
NATO seeks missile defense agreement with Russia |
US Congress bans creation, sale, of 'crush videos'
President denies problem with Ukraine press freedom
U.S. Secret Service Cracks Case Of Federal Reserve Bank Hacking
US-TECH Summary
Cash-strapped Brits want royals to foot wedding bill
One in five Americans suffer mental illness: survey
Republican Leader Seeks Changes with Criticisms of Obama
Israel planes hit Gaza targets after rocket fire |
Pentagon says "aware" of China Internet rerouting
NBC’s “Community” Gets Animated For Christmas Episode
9/11 rescuers agree huge compensation deal
No proof to link Sarkozy to Karachi bomb probe: source |
WHO seeks regulation of flavored tobacco
Raising Memories Of Past Horrors, Pentagon Sends Tanks To Afghanistan
Amazon lets gift-givers send Kindle books by email
Controversial Kansas Church Expands Its Protest Efforts
Bicycle bomb kills 3, wounds 25 in east Afghanistan |
Resurgence of Bed Bugs Leads To Congressional Forum
Democrats To Vote On Middle Class Tax Cuts
Vatican tells bishops to crack down on abuse |
Miller Asks Court To Keep Alaska From Certifying Election Results
Black Eyed Peas, Enrique Iglesias To Perform On "American Music Awards" Sunday
“Harry Potter” Only Behind “Twilight” Films For Biggest Pre-sales Ever
India PM vows punishment in $40 bln telecom scam
Poisonous gas fears stall New Zealand mine rescue
N.Korea rejects UN human rights resolution as conspiracy
Emotions spill over in New Zealand coal mine drama
Actor Wesley Snipes headed to prison for tax evasion
England's 10-wicket win ahead of Ashes opener
Parents of Aussie suicide twins in bedside appeal
Japan says two Chinese ships seen near disputed islands
China eye Asiad badminton gold; India- Pakistan face-off in f.hockey
US seeks 'expansion' of drone operations in Pakistan
History man McCaw comes full circle against Ireland
Actor Wesley Snipes headed to prison for tax evasion
Four groups to examine AIG's Taiwan life unit: report
No communication yet with 29 trapped NZ miners
China takes new step to rein in lending, inflation
Rapper DMX is back in an Arizona jail
MSNBC suspends another host for political gifts
Dolce and Gabbana accused of one-billion-euro fraud: report
Indonesia volcano death toll rises to 283
Justin Bieber announces first U.K. arena tour
Rapper DMX is back in an Arizona jail |
Fox moves American Idol to Wednesday |
Rolling Stones team up with Call of Duty |
Most Afghans in southern states 'clueless' about 9/11:
Ireland readies budget plan as massive bailout looms
Bicycle bombs kill at least 3 in east Afghanistan
Stuxnet may be part of Iran atom woes: ex-IAEA aide |
Egypt bus crash kills 8 tourists |
India PM rejects court corruption probe criticism |
Jihadists planning German parliament attack: report |
Condemned Christian woman seeks mercy in Pakistan |
Iraqis credit government deal for peaceful holiday |
NATO vows to hand over war to stronger Afghanistan
Corrected
Obama lifts Sudan sanctions to allow computers for vote
Indonesia resumes flights as volcano slows
Hong Kong says no sign bird flu spreading in humans
Wife: Accused Smart kidnapper 'a great deceiver'
Most 9/11 responders settle suits over WTC dust
Mercedes-Benz forays into luxury compact segment with A-Class
Opportunity huge for newcomers
Thai Tiger launch delayed by 2 months
The painstaking search for Spain's Franco-era missing
Stuxnet may be part of Iran atom woes: ex-IAEA aide |
"Luxury, please" fair draw crowds in Vienna
Fox moves "American Idol" to Wednesday
Rolling Stones team up with "Call of Duty"
Carla Bruni: now a comic book heroine
Chinese films contend at Taiwanese awards event
Stuxnet may be part of Iran atom woes: ex-IAEA aide
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