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The move makes the position of Brian Cowen, Irish Prime Minister, almost unbearable and it is expected that it will be resigning after the budget is presented on 7 December.

The prospect of an election is probably cancel the ephemeral stability, markets have shown on Monday morning.

Bailing out ￡ 77billion of the European Union and the international monetary fund has been agreed on the eve.

John Gormley, Chief of the Green Party and the Minister of the environment the Ireland said that he wanted a date for the vote to be fixed in the second half of January.

Mr Gormley denied that the decision was a response to the release on bail-out, which has been described as a humiliation for the country, said the decision to call an election has been made on Saturday.

He said: "last week was a traumatic for the Irish electorate."People feel trompée and betrayed.

"But we have now reached a point where people Irish need political certainty to take beyond the two month to venir.donc, we believe it is time to set a date for a general election in the second half of January, 2011."

Mr Gormley said that he wanted the Government to achieve three things before to go to the public of the present coalition: a credible plan for four years to balance the budget by 2014.pour provide a budget for 2011 7 décembre.et stability restoration of bailout to the euro.

Earlier in the day, the stock market rallied after news Sunday that the bailout was convenu.Le London FTSE rose, powered by price for banks, markets in Frankfurt and Paris has acquired and the euro fell $1.37 or on the foreign exchange market more.

However, the analysts were being expressed concern that this measure could be just a stop-gap solution before invoking the green for an election.

Oscar Bernal, an expertise ING Bank said: "doubt us that markets will permanently be comforted by Irish bailout, which tends to not show a small, temporary victory."

Bailout agreement means that Ireland handed economic decision-making for the EU and the IMF until 2014 in exchange for a shelter of turbulence in the bond markets that grew up borrowing cost service 16 billion pounds per year in annual debt.

EU officials warned the bailout will come with "draconian conditions" imposed significantly increase taxes and cut spending to reduce public debt amounted to 32% of the GDP this year.

In negotiations on Sunday evening, the Irish were informed by France that, during the bailout for three years, EU countries would Ireland to abandon its corporate tax rates low pressure as a condition for using.

However, it is likely to prove very toxic to the Ireland voters, will damage the prospects of employment and could reduce wages.

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BANGKOK – Asian stock markets were mostly higher Wednesday as a stream of results from U.S. midterm elections showed the expected gains for Republicans and investors looked to the Fed's upcoming announcement on plans to stimulate the world's biggest economy.

Hong Kong's Hang Seng index climbed 1.8 percent to 24,097.84 while China's Shanghai Composite Index gained 0.1 percent to 3,049.65. Markets in Japan were closed for a public holiday.

South Korea's Kospi was ahead by 1.1 percent to 1,938.14 and Australia's S&P/ASX 200 climbed 0.6 percent to 4,731.60. Indexes in Singapore, Taiwan and Indonesia were also higher while Malaysia fell.

The attention of investors and businesses is mainly on U.S. midterm elections, which are expected to result in a Congress at least partially controlled by Republicans pitted against the Democratic administration of President Barack Obama.

Fights over taxes, deficits, health care and financial regulation could result in paralyzing uncertainty for the world's No. 1 economy though investors seem to have already factored that outcome into stock prices.

Stock market futures in the United States were little changed as election results began streaming in.

In a result widely expected by investors, Republicans gained at least 31 seats in the House of Representatives in early returns and are poised to gain control of that chamber of Congress. Democrat Joe Manchin IIIs victory in the close West Virginia Senate race makes it unlikely that Republicans will control both houses of Congress.

The loosely organized Tea Party, a Republican-leaning group that emphasizes libertarian fiscal policy, picked up at least two victories. Rand Paul of Kentucky and Mario Rubio in Florida defeated their Democratic challengers in Senate races in each state.

Investors are likely looking ahead to Wednesday afternoon, when the Federal Reserve is expected to announce the details of its plan to stimulate the economy by buying bonds. The plan, known as quantitative easing, makes stocks a more attractive investment by lowering bond yields.

Investors have been anticipating that the central bank's program will tally at least $500 billion. Any number significantly higher or lower than that figure could affect stock prices.

Broad stock market indexes have gained 12 percent since the Fed began hinting in late August that it would undertake the bond buying program by the end of the year. Over the last month, the Dow Jones industrial average is up 3.3 percent, and the broad Standard and Poors 500 Index is up 4.1 percent. The Nasdaq composite index has gained 6.8 percent over the same time frame. It closed at its high for the year on Tuesday.

Futures for the Standard and Poors 500 Index, the market index that most professional investors follow, was up less than a point to 1,193.40 shortly before midnight on the East Coast.

Benchmark crude for December delivery was up 33 cents at $84.23 a barrel in electronic trading on the New York Mercantile Exchange.

In currencies, the dollar inched up to 80.65 yen from 80.64 yen in New York late Tuesday. The euro fell to $1.4016 from $1.4030.

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AP Business Writer David K. Randall in New York contributed to this report.

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The new national unemployment rate released this morning held regular 9.6%, marking the last time that this economic data point out before the November elections. Perceptions of the economy voters were likely determined months ago according to economists and political scientists and this last number should have little effect on the results of the races. "It's much too late to change very pessimistic view of the economy, public", explains Thomas e. Mann, senior fellow at the Brookings Institution.

Although the mid-term congressional elections dominated the headlines in recent weeks, us remain focused on the State of the economy, according to the latest survey by the Pew Research Center for the people & the press.Approximately 28% of the pay telephone interviewees attention to economic news, compared to only 12 percent of respondents said that they followed the economy Congrès.Et racing remains the key for the fall campaign issue according to the latest survey NEWSWEEK.

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