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Free Access###POV. Fresh elections in Ireland are......>
IRELAND: ###POV. Fresh elections in Ireland are not to be feared
Next Tuesday there is a motion of no confidence in the tanaiste (Deputy PM),
Francis Fitzgerald. Currently, Fine Gael is the largest party and is in a
coalition with Fianna Fail, a party that is normally a rival. Thus, this
morning's comments that Fianna Fail do not see a need for a General Election
holds important weight. Why is there a no-confidence vote on the table? It's
looking as if there is a desire to get rid of Fitzgerald more than bring down
the government.
- However, for a no confidence vote to be avoided, Fitzgerald will need to fall
on her sword and resign before Tuesday otherwise elections may follow in
December.
- At present, Taoiseach Leo Varadkar and Fianna Fail Leader Micheal Martin are
at loggerheads and not backing down.
- Ryan McGrath at Cantors in Dublin writes that an election is non-threatening
"The markets' familiarity with both the major parties should contain any
domestic political risk." But Brexit talks timing is unfortunate.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.