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Irish rivals drag out stalemate, say both trying to form government
Source: Reuters
World | Mon Feb 29, 2016 2:26pm EST
Irish rivals drag out stalemate, say both trying to form government
DUBLIN | BY PADRAIC HALPIN
Ireland's two biggest parties said on Monday they would each try to form their own government over the next 10 days, after an inconclusive election, a task analysts say will almost certainly fail and force them to contemplate an alliance many resist.
Irish bond yields were little changed after Friday's election produced no clear winner but the threat of weeks of political stalemate and a possible second election could quickly change sentiment among investors.
After his ruling coalition was ousted by voters angry at the country's uneven recovery, Prime Minister Enda Kenny's Fine Gael was set to fall about 30 seats short of the 80 needed to form a majority in parliament, with vote counting drawing to a close.
"We need to look across a broad spectrum of the Dail (parliament) and see where we can find opportunities to discuss the formation of a government," Foreign Minister Charlie Flanagan of Fine Gael told national broadcaster RTE.
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Irish rivals drag out stalemate, say both trying to form government
DUBLIN | BY PADRAIC HALPIN
Ireland's two biggest parties said on Monday they would each try to form their own government over the next 10 days, after an inconclusive election, a task analysts say will almost certainly fail and force them to contemplate an alliance many resist.
Irish bond yields were little changed after Friday's election produced no clear winner but the threat of weeks of political stalemate and a possible second election could quickly change sentiment among investors.
After his ruling coalition was ousted by voters angry at the country's uneven recovery, Prime Minister Enda Kenny's Fine Gael was set to fall about 30 seats short of the 80 needed to form a majority in parliament, with vote counting drawing to a close.
"We need to look across a broad spectrum of the Dail (parliament) and see where we can find opportunities to discuss the formation of a government," Foreign Minister Charlie Flanagan of Fine Gael told national broadcaster RTE.
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Read more: http://www.reuters.com/article/us-ireland-election-idUSKCN0W21M1
