Ireland could delay election

RATINGS agency Fitch slashed Irish debt rating to near junk yesterday, and said the
recent bailout exposed a worse than expected financial crisis. Fitch does not expect further downgrades after the new BBB rating.

Meanwhile Ireland’s junior coalition partner said it wants its flagship policy proposals passed into law before a parliamentary election is called, raising the prospect a poll could be delayed until March. The Green Party signalled it might extend the deadline if it meant laws on climate change could be passed.