The Fine Gael and Labour Party, the two most voted political parties in the last presidential election, have agreed to form a coalition government, as reported by the Fine Gael leader Enda Kenny and prime minister. "I am delighted to report that we have reached an agreement, although we are still working on some details," said Kenny.
Both parties are expected to ratify the agreement on Sunday. To do this, Labour have called an extraordinary meeting to vote on the text. The coalition talks have taken place after the spectacular defeat of the former ruling party, Fianna Fail, whose popularity sank as a result of economic collapse in the country.
The Fine Gael comfortably won the elections, but won an absolute majority, forcing Kenny to negotiate with Labour. During the election campaign, Kenny said that one of his main priorities would be to renegotiate the debt contracted Ireland with the European Union (EU) due to the loan of 85,000 million euros which granted the same along with the International Monetary Fund (IMF) to avoid that the country will go bankrupt.
This bailout was very unpopular among voters, as well as the associated austerity budget presented by the Government. Many voters blamed the Fianna Fail of monetary problems in the country, Prime Minister Brian Cowen, had to resign as party leader before the election. Kenny has already raised the issue of bail to the European leaders when he called to congratulate him on his imminent appointment as prime minister.
Kenny's intention is to get support to renegotiate the terms of the rescue package. 
Both parties are expected to ratify the agreement on Sunday. To do this, Labour have called an extraordinary meeting to vote on the text. The coalition talks have taken place after the spectacular defeat of the former ruling party, Fianna Fail, whose popularity sank as a result of economic collapse in the country.
The Fine Gael comfortably won the elections, but won an absolute majority, forcing Kenny to negotiate with Labour. During the election campaign, Kenny said that one of his main priorities would be to renegotiate the debt contracted Ireland with the European Union (EU) due to the loan of 85,000 million euros which granted the same along with the International Monetary Fund (IMF) to avoid that the country will go bankrupt.
This bailout was very unpopular among voters, as well as the associated austerity budget presented by the Government. Many voters blamed the Fianna Fail of monetary problems in the country, Prime Minister Brian Cowen, had to resign as party leader before the election. Kenny has already raised the issue of bail to the European leaders when he called to congratulate him on his imminent appointment as prime minister.
Kenny's intention is to get support to renegotiate the terms of the rescue package.
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