Ireland Enters Season of Turmoil: Part II

Editor's note: This is the second of a two-part series on the fall of Irish Prime Minister Brian Cowen's government. Part I examined the domestic factors leading to the government's collapse. Part II examines the impact of the EU/IMF bailout on Ireland and the European Union.

After almost half a year of lurching from crisis to crisis, the government of Irish Prime Minister Brian Cowen finally fell last week. His fate was effectively sealed at the end of last year by Ireland's $100 billion bailout by the European Central Bank (ECB) and the International Monetary Fund, the only question being when the electoral ax would fall. ...