Quentin Fottrell


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    Irish Prime Minister Cowen Resigns as Party Leader

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    DUBLIN—Irish Prime Minister Brian Cowen said he was resigning as leader of the governing Fianna Fail party ahead of the March 11 general election, bowing to pressure from within his party.

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    Ireland Election Set for March 11

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    DUBLIN—Ireland's besieged Prime Minister Brian Cowen on Thursday set March 11 for the country's much-anticipated general election, setting off a 50-day campaign that is expected to result in his ruling Fianna Fail party losing ...

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    Irish PM Wins Party Vote

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    DUBLIN—Ireland's embattled Prime Minister Brian Cowen won a vote of confidence in his leadership on Tuesday, clearing the way for him to lead his fractured Fianna Fail party into the next general election.

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    Ireland's Cowen to Remain in Office

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    DUBLIN—Embattled Irish Prime Minister Brian Cowen on Sunday announced he will remain in office for the next general election and said that, on Tuesday, he will place a motion of confidence in his own leadership to his colleagues in the ...

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    Irish PM's Future Hangs in the Balance

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    DUBLIN—As Irish Prime Minister Brian Cowen fought for his political life Friday, his Fianna Fail colleagues were mulling whether he should stay or go ahead of the general election due in March after the passing of the Finance Bill.

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    Irish Prime Minister Refuses to Resign

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    DUBLIN—Ireland's Prime Minister Brian Cowen Thursday told his Fianna Fail party that he would not resign, despite widespread pressure for him to step down following revelations about his relationship with a former official from the ...

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    Irish Regulator Probing Banks

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    DUBLIN—The chief executive of Ireland's National Asset Management Agency said Thursday that the financial regulator is probing information provided by banks relating to overly positive loan-to-value ratios banks gave to the agency ...

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    Ireland Hopes to Borrow

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    DUBLIN—The head of Ireland's debt-management agency said the country will resume borrowing in bond markets "as soon as market conditions permit."

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    Ireland May Expand Aid Program to Purchase Banks' Noncore Assets

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    DUBLIN—Ireland's banks may be instructed to sell billions of euros in healthy noncore assets to a government agency as the central bank tries to shrink the size of the country's banking system.

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    Ireland Takes Over Another of Its Banks

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    Ireland's minister for finance, Brian Lenihan, announced plans to effectively nationalize Allied Irish Banks PLC with a capital injection of €3.7 billion ($4.85 billion), giving the government ownership of more than 90%.

  • Ireland Votes 'Yes' to Bailout

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    DUBLIN—Irish lawmakers Wednesday voted to accept €67.5 billion ($90.4 billion) in loans from the European Union and International Monetary Fund as part of an €85 billion package to shore up Ireland's stricken banks and public finances.

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    Ireland Orders Allied Irish to Hold Bonuses

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    DUBLIN—Ireland's Finance Minister Brian Lenihan instructed Allied Irish Banks PLC to renege on nearly €40 million ($53.6 million) of staff bonuses after public outcry over the impending payments at the state-supported bank.

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    Irish Lawmakers to Vote on Aid

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    DUBLIN—Ireland's Prime Minister Brian Cowen said he will put the country's €67.5 billion ($89.34 billion) financial-aid package to a parliamentary vote on Wednesday, saying it will lend political legitimacy to the deal and force ...

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    Ireland Unveils Sweeping Budget Cuts

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    DUBLIN—Ireland took the first crucial step Tuesday on an expected four-year road to financial recovery by securing support for a budget that will make €6 billion ($7.99 billion) in cuts across all sectors of society, from the most ...

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    Irish Banks Swiped Over Pay Practices

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    DUBLIN—The Central Bank of Ireland criticized the country's banks for not changing pay and bonus policies that encourage what it termed "inappropriate risk-taking" and warned that they could face severe penalties next year.

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    Irish Minister: ECB 'Bounced' Ireland Into Bailout

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    DUBLIN—The European Central Bank is putting pressure on Portugal to seek a financial rescue package just as it did in the run-up to Ireland's bailout, Irish Justice Minister Dermot Ahern said Tuesday.

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    Irish Official Sees Bailout Deal Sunday

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    DUBLIN—Irish Communications Minister Eamon Ryan said Saturday that talks between the EU and the International Monetary Fund on an €85 billion ($112.5 billion) Irish aid package will conclude Sunday, and he described as ...

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    Ireland's Fianna Fail Concedes By-Election

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    DUBLIN—Ireland's ruling Fianna Fail party on Friday conceded a once rock-solid seat in the northwest region of Ireland after opposition party Sinn Fein took around 40% of the vote in tallies.

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    Fianna Fail Seen Losing Seat in Donegal

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    DUBLIN—Ireland's embattled ruling Fianna Fail party is expected to lose a long-held seat in a by-election in Donegal in the north-west of the country Thursday, likely to an opposition Sinn Fein candidate.

  • Ireland's Cowen Resists Calls for Resignation

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    DUBLIN—Ireland's Fianna Fail-led coalition government is resisting calls for the prime minister to resign immediately and instead is calling on lawmakers from across the political spectrum to put the nation's interests first and ...

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    Ireland Delays on Bailout for Political Ends

    WSJ.com

    DUBLIN—Ireland is dragging its feet on a European Union bailout to secure the best terms for a deal and safeguard its low 12.5% corporation tax, observers say, but the country's embattled government also wants to limit political damage ...

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    Street is microcosm of Ireland's malaise

    WSJ.com

    A walk down Grafton Street, frequently billed as Ireland's premier shopping street, provides a snapshot of just how the country's economic crisis is playing out on the ground.

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    Ireland Adds to Euro Zone Woes

    WSJ.com

    Ireland's manufacturing sector expanded last month, fueled by a jump in export orders, a rare bright spot as the government's borrowing costs soar amid fears its burgeoning bank rescue effort could lead to a Greek-style fiscal ...

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    Ryanair Lifts Full-Year Forecast

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    DUBLIN—Ryanair Holdings PLC raised its full-year net profit forecast Monday after reporting a 32% increase in second-quarter net profit as higher yields and increased capacity offset higher fuel costs.

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    Allied Irish Stake Sale on Hold

    WSJ.com

    DUBLIN—Allied Irish Banks PLC's proposed sale of its U.K. business is on hold due to insufficient bids, new executive chairman David Hodgkinson said Monday, making it more likely that the government will end up with an even larger ...

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    Irish Court Rules Against Developer

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    DUBLIN—Ireland's high court on Monday ruled against property developer Patrick McKillen, effectively clearing the way for the country's state-loan agency to buy some €2.1 billion ($2.92 billion) of his property loans from Irish ...

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    Irish Premier Admits Cuts Will Hit Growth

    WSJ.com

    DUBLIN—Ireland's embattled Prime Minister Brian Cowen admitted Wednesday that accelerating €15 billion ($20.78 billion) in planned budget cuts will damp economic growth, but warned the country runs the risk of "not being able to ...

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    Ireland Sees Need for €15 Billion in Cuts Over 4 Years

    WSJ.com

    DUBLIN—Ireland's government said Tuesday that budget cuts of €15 billion (about $21 billion) are needed over the next four years, double the amount previously expected, in order to cut the country's budget deficit to 3% of gross ...

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    Irish Leader Reaches Out to Opposition

    WSJ.com

    DUBLIN—Irish Prime Minister Brian Cowen has written to the leaders of the main opposition parties seeking a meeting, with the objective of creating a cross-party consensus on the government's proposed four-year budgetary plan, his ...

  • Hardy Irish Souls Tiptoe Into Nation's Ghost Estates

    WSJ.com

    Ireland's ghost estates are showing signs of life. These estates—housing developments built on speculation but left unfinished or partially occupied when the housing bubble burst in 2007—are an enduring symbol of Ireland's ...

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    Ireland: Burden-Sharing Applies to 100% State-Owned Banks

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    DUBLIN—Ireland's National Treasury Management Agency and Department of Finance said Thursday that prospective burden-sharing among subordinated bondholders will only apply to unlisted banks under 100% state control—that is, Anglo Irish ...

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    Irish Central Bank Calls for More Cuts

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    DUBLIN—The Central Bank of Ireland Monday slashed its economic forecasts for the country and warned that government spending cuts in the upcoming 2011 budget will have to go beyond the €3 billion ($4.13 billion) planned.

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    Irish Crisis Shakes Europe; Dublin to Spend Billions More to Shore Up Lenders; Jitters Over Euro's Future

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    DUBLIN—Ireland scrambled to contain its financial crisis—and convince investors it won't need an emergency bailout by its European peers—by promising to pump billions more into its hardest-hit lenders.

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    Irish Government Faces Test

    WSJ.com

    DUBLIN—As it faces mounting challenges in the banking system, the economy at large and international bond markets, Ireland's government faces a struggle for its own survival when parliament reconvenes Wednesday after a 12-week summer ...

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    Pressure Intensifies on Irish Government

    WSJ.com

    DUBLIN—Ireland's embattled ruling Fianna Fáil party, grappling with a banking and economic crisis, faced mounting pressure as a weekend poll showed less than one-fifth of the nation had confidence in the prime minister, and a member of ...

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    Irish Minister Defends Economy

    WSJ.com

    DUBLIN—Irish Finance Minister Brian Lenihan insisted on Friday that the Irish economy is "not shrinking" despite a fall in second-quarter gross domestic product, but conceded that growth has been slow this year.

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    Irish GDP Drops Unexpectedly

    WSJ.com

    Ireland's economy contracted in the second quarter, startling investors worried about the country's banks and fueling fears that Prime Minister Brian Cowen's government may need even tougher austerity measures to tackle a ...

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    Ireland Paces Solid Day of EU Debt Sales

    WSJ.com

    Ireland's closely watched government bond auction led a series of strong debt sales by Europe's fiscally challenged countries Tuesday, bringing some relief to the sovereign landscape.

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    Irish Minister Insists 'No Vacancy' for Leader's Post

    WSJ.com

    DUBLIN—Irish Finance Minister Brian Lenihan said Monday that there was "no vacancy" for Prime Minister Brian Cowen's position after the leader's widely criticized appearance on early-morning radio last week.

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    IMF Sees No Need to Assist Ireland

    WSJ.com

    The International Monetary Fund said Friday that it doesn't think Ireland will need financial assistance from the institution. Irish bond yields hit fresh highs earlier in the day on reports that Dublin was considering emergency IMF or ...

 

Quentin Fottrell

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quentin.fottrell@dowjones.com

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