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Article: Irish Greens to remain in government, back bailout.(News)
- Article from:
- Daily Herald (Arlington Heights, IL)
- Article date:
- October 11, 2009
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Byline: Bloomberg News
IrelandAEs Green Party voted to stay in government, averting a general election as the countryAEs so-called "bad bank" prepares to buy property loans to purge lenders of souring assets.
Green Party members voted by 84 percent to 16 percent to keep alive a coalition with Prime Minister Brian CowenAEs Fianna Fail at a meeting in Dublin Friday. In a separate ballot, the Greens supported a government plan to pay $79 billion for banksAE property loans. The party has six lawmakers in the 166-member parliament.
"This program for government is about transformation and recovery," John Gormley, the party leader, told members after ...