Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

Micheál Martin returns as Irish prime minister amid Trump threat

by
January 23, 2025
in Stock
0
Micheál Martin returns as Irish prime minister amid Trump threat
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

By Padraic Halpin and Conor Humphries

DUBLIN (Reuters) – Micheál Martin was elected Irish prime minister for the second time by a coalition of the country’s two large centre-right parties and independent lawmakers on Thursday, a day later than scheduled after opposition protest derailed an initial vote.

The coalition is the second in a row between historic rivals Fine Gael and Fianna Fail, who between them have led every government since the foundation of the state, with independents replacing junior coalition partner the Green Party, which lost most of its seats.

The initially scheduled vote to elect Martin on Wednesday descended into chaos when the parliament was suspended four times after opposition protests over speaking rights for independent lawmakers supporting the incoming coalition.

An agreement by both sides that government-supporting independents cannot for now retain extended speaking rights from the opposition benches paved the way for Martin to be elected.

Martin, 64, was prime minister from 2020-2022 before handing the position to Fine Gael for the second half of the term. Under the deal struck following the Nov. 29 election, outgoing prime minister Simon Harris is set to return as premier in late 2027.

Harris will replace Martin as deputy prime minister and is also likely to take over as foreign minister later on Wednesday while Fine Gael’s Paschal Donohoe, chair of the group of euro zone finance ministers, is tipped to return as finance minister.

The government is bracing for the fallout from the return to the White House of U.S. President Donald Trump, whose pledges to cut corporate tax rules and impose tariffs pose a potentially major threat to Ireland’s foreign multinational-focused economy.

The coalition has pledged to use a tax windfall from the country’s cluster of U.S. multinationals to continue to increase public sector investment, fix infrastructure deficits and cut taxes, while also building Ireland’s sovereign wealth funds.

Martin, who was first elected to parliament 36 years ago, was a senior member of the Fianna Fail government that signed up to an EU/IMF bailout in 2010 and led to an unprecedented 2011 electoral collapse just after he took over as leader.

The former history teacher, who has held several senior ministries including health, trade and education, led a swift recovery in the party’s fortunes to return them to government nine years later.

This post appeared first on investing.com
Previous Post

WTO chief warns of catastrophic global growth consequences amid trade wars

Next Post

Hedge funds buy luxury, short drink and driving in Europe, says Goldman Sachs

Next Post
Hedge funds buy luxury, short drink and driving in Europe, says Goldman Sachs

Hedge funds buy luxury, short drink and driving in Europe, says Goldman Sachs

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Waymo offers teen accounts for driverless rides

Waymo offers teen accounts for driverless rides

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Waymo offers teen accounts for driverless rides

Waymo offers teen accounts for driverless rides

July 8, 2025
Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

July 7, 2025
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 3, 2025

Recent News

Waymo offers teen accounts for driverless rides

Waymo offers teen accounts for driverless rides

July 8, 2025
Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

July 7, 2025
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 3, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved