John Gormley News
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Ireland’s Green Party said it will support the passage of the nation’s budget from the opposition benches after it withdrew from Prime Minister Brian Cowen ’s coalition government.
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Irish Prime Minister Brian Cowen faces a vote of confidence today by his Fianna Fail party, with one of his most senior ministers seeking to topple him before a general election.
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Irish Prime Minister Brian Cowen said he’s “confident” that in ballot tomorrow he will retain the leadership of the ruling Fianna Fail party and lead it into the nation’s next general election.
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Irish Prime Minister Brian Cowen said he’s “confident” he will retain the leadership of the ruling Fianna Fail party in a ballot tomorrow and lead it into the next general election.
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Germany’s 10-year bund gained, erasing an earlier decline, as speculation that banks in the euro region may incur deeper losses spurred demand for the euro- region’s safest assets.
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The euro snapped a three-day rally versus the dollar, stocks and commodities slid and Treasuries rose as Ireland’s financial bailout failed to assuage concern Europe’s debt crisis may spread. Banks led U.S. shares lower as federal agents searched hedge funds in an insider-trading probe.
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Ireland became the second euro country to seek a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency.
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Ireland’s Green Party members want a convention to decide the organization’s position on the government’s plan for a so-called bad bank, the National Asset Management Agency.
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Treasuries rose on concern the sovereign-debt crisis is deepening in Ireland, encouraging demand for the safety of government securities.
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Treasury notes rose, with seven- year securities leading the advance, as concern the sovereign- debt crisis is deepening in Ireland encouraged demand for the safety of government securities.
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