DUBLIN, Oct 10 (Reuters) - Ireland's Green Party voted on Saturday in favour of staying in power, removing the risk of a snap election that would have scuppered a 'bad bank' plan to revive the financial system and held up urgent fiscal surgery.
Members of the leftwing party voted 84 percent in favour of a new programme for government that will see them continue to support Prime Minister Brian Cowen's administration as it seeks to try and revive the worst-performing economy in Western Europe.
Members also dismissed a motion calling for the party to reject Cowen's plan to create a National Asset Management Agency (NAMA) to remove risky commercial property loans with a nominal value of 77 billion euros off the books of its banks.
(Reporting by Andras Gergely; editing by Carmel Crimmins) Keywords: IRELAND POLITICS/ (carmel.crimmins@reuters.com; Reuters Messaging: carmel.crimmins.reuters.com@reuters.net; +353 1 500 1529) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Members of the leftwing party voted 84 percent in favour of a new programme for government that will see them continue to support Prime Minister Brian Cowen's administration as it seeks to try and revive the worst-performing economy in Western Europe.
Members also dismissed a motion calling for the party to reject Cowen's plan to create a National Asset Management Agency (NAMA) to remove risky commercial property loans with a nominal value of 77 billion euros off the books of its banks.
(Reporting by Andras Gergely; editing by Carmel Crimmins) Keywords: IRELAND POLITICS/ (carmel.crimmins@reuters.com; Reuters Messaging: carmel.crimmins.reuters.com@reuters.net; +353 1 500 1529) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.