For now, Irish PM Cowen looks set to stay in office long enough to pass an austerity budget...

|By:, SA News Editor

For now, Irish PM Cowen looks set to stay in office long enough to pass an austerity budget in December. He is pushing a 4 year budget plan with $20B in savings. Not on the table is Ireland's 12.5% corporate tax rate, but a German official has little doubt that this will eventually need to be raised.