Irish government routed in elections

Unlike Greece, where voters have supported the government during the crisis, Irish voters sent the government who signed the bailout deal packing. It was one of the worst defeats ever for the conservative Fianna Fáil party. The new government is likely to be a coalition from the center-right Fine Gael and Labour. The Guardian:

In an election dominated by fear and anger over the financial implosion that led to an €80bn bailout by the European Union and International Monetary Fund, Ireland’s once most successful political party Fianna Fáil suffered a historic and devastating defeat, with its support estimated at only 15%. Just months after agreeing to the bank bailout it was on course to be beaten into fourth place by a slew of independent candidates – its worst performance since Eamon De Valera founded it in the 1920s.

The disaster engulfing the party, until last month led by the outgoing Taoiseach Brian Cowen, is far greater than the Tories sustained in the 1997 Blair landslide and marks a sea change in Irish politics. For seven decades Fianna Fáil has been the dominant force in Irish political life and had enjoyed 14 years of unbroken rule until this humiliating general election result.

Meanwhile, support for Sinn Féin was projected to have reached a record 10% in an RTE exit poll, with Gerry Adams, the party president, on course to be elected in the border constituency of Louth.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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