IRELAND’s prime minister Brian Cowen yesterday announced the dissolution of the Irish parliament, in what was probably the last act of his political career. The move brought to a close one of the most controversial governments in Ireland’s history and paved the way for the first general election since last year’s bailout of the economy […]
Time for a Default?
“There is no reason why Ireland should trigger an IMF or EU-type bailout”, Irish Minister of State for Europe, Dick Roche, told the Today program on BBC Radio 4 this morning. But despite such government protestations, the scale of Ireland’s sovereign debt crisis is such that it seems only a matter of when, not if, […]