Topic - Brian Cowen

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  • Irish Prime Minister Brian Cowen (right) and Irish President Mary McAleese (second from left) arrive at Aras an Uachtarain, the official residence of the Irish president, in Dublin on Tuesday, Feb. 1, 2011, to sign a request for a Proclamation of Dissolution of the Irish parliament. (AP Photo/Peter Morrison)

    Debt-burdened Ireland faces Feb. 25 election

    Ireland's parliament was dissolved Tuesday for a long-awaited Feb. 25 election as Prime Minister Brian Cowen exited the political stage defending his management of the nation's plunge toward bankruptcy.

  • ** FILE ** Irish Prime Minister Brian Cowen speaks during a media conference at a European Union summit in Brussels on Friday, Dec. 17, 2010. (AP Photo/Geert Vanden Wijngaert, File)

    Irish premier won't quit over debt crisis

    Irish Prime Minister Brian Cowen announced Sunday he won't resign despite intense criticism of his management of the country's European-record deficit and its international bailout.

  • Sinn Fein hold a protest outside government buildings, Dublin, Ireland, Monday, Nov. 22, 2010 during a demonstration calling for the Irish Prime Minister to resign. Ireland's banks will be pruned down, merged or sold as part of a massive EU-IMF bailout, the government says as a shellshocked nation comes to grips with its failure to protect its financial institutions.  (AP Photo/Peter Morrison)

    Infighting threatens bailout in Ireland

    Political infighting engulfed Ireland on Tuesday, threatening to trigger a quick election and delay a massive EU-IMF bailout. Rebels from Prime Minister Brian Cowen's own party pressed to oust him and opposition leaders demanded an election before Christmas.

  • Irish Prime Minister Brian Cowen, left, and Finance Minister Brian Lenihan speak to the media at the government building in Dublin, Ireland, Sunday, Nov. 21, 2010. Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable only a few years ago when Ireland was a booming Celtic Tiger and the economic envy of Europe. (AP Photo/Peter Morrison)

    Irish to shrink, merge banks as part of bailout

    Ireland's banks will be pruned down, merged or sold as part of a massive EU-IMF bailout taking shape, the government said Monday as a shellshocked nation came to grips with its failure to protect and revive its banks.

  • Brian Cowen

    Bailout sparks crisis in Ireland

    The European Union's promised bailout set off a political crisis in Ireland on Monday while it did little to calm market fears that Portugal — and possibly Spain — will be the next to need assistance.

  • Associated Press
A building site where the remaining apartments of a development were to have been built sits idle on the outskirts of Dublin on Monday. Debt-burdened Ireland is talking with other European Union governments about how best to handle its troubled finances, officials said.

    Prospect of Ireland bailout drives dollar up, Dow down

    Worries about the European debt crisis boiled over in world markets Tuesday, this time triggered by the prospect of debt-strapped Ireland becoming the second country to need a bailout.

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Quotations
  • He has also promised to create 100,000 new jobs in five years, and to make holders of senior bonds in Ireland's nationalized banks shoulder some of the losses.

    Ireland's ruling party faces worst defeat in 80 years →

  • Mr. Cowen declared a formal end to his government two months after he was forced to negotiate a $92 billion loan package from the European Union and International Monetary Fund, a measure he had insisted Ireland did not need.

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