BRUSSELS // EU finance ministers formally adopted Ireland’s 85-billion-euro bailout plan on Tuesday, hours before the Irish parliament was to vote on an austerity budget.
Ministers from the 27 European Union nations "adopted the decision concerning aid to Ireland, along with the recommendation setting out the conditions" that Dublin must meet in exchange for financial aid, an EU source said.
Later on Tuesday, at 1545 GMT, Irish finance minister Brian Lenihan will deliver a 2011 budget that will contain a combined 6.0 billion euros ($8 billion) of taxation hikes and spending cuts.
The statement will be the first in a series of budgets to implement a total fiscal correction of 15 billion euros over the next four years.
The deal with the EU and the International Monetary Fund for 67.5 billion euros in external loans and guarantees, plus 17.5 billion taken mostly from Ireland's public pension fund, has angered citizens.
The first transfers will be used to shore up Ireland's banking system, battered by the global financial crisis, a property bubble bursting and the deepest recession since the 1930s.
A protester mounted a crane outside the Dail (parliament) on Tuesday morning, with opposition politicians accusing Prime Minister Brian Cowen of selling Irish sovereignty to Brussels and Washington.
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
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In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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