Updated
Nov 30, 2024, 06:49 PM
Published
Nov 30, 2024, 06:49 PM
DUBLIN - Ireland's two large centre-right parties looked on course to be returned to power after an election on Friday, but they will likely need at least one junior partner to reach a majority, raising questions about the stability of the next government.
The parties may face prolonged negotiations or an unstable coalition ahead of the inauguration of U.S. President-elect Donald Trump, whose pledge to slash corporate tax and impose tariffs poses a major threat to the Irish economy.
Outgoing government parties Fine Gael and Fianna Fail were on 21% and 19.5% respectively in an exit poll, a touch behind left-wing Sinn Fein on 21.1%
With the two centre-right parties ruling out a deal with Sinn Fein, the main question was how close to the 88 seats needed for a majority the pair can secure - and whether they would need one or two more coalition parties to get over the line.
"If they are both at 20%, that'll get them close to 80 seats, I suspect, and then it's a matter of who will go in with them," said Dublin City University politics professor Gary Murphy.
To have a stable government, they will be hoping that small centre-left parties and potentially willing partners Labour or the Social Democrats get 11 or 12 seats, Murphy said. A coalition with four parties could be far more fragile.
The current junior coalition party, the Greens, secured the support of just 4%, down from 7% at the last election. That could see their seat numbers fall from 12 to three, said senior party member Ciaran Cuffe.
The formal counting of votes began at 0900 GMT and is expected to last until Sunday at the earliest in many constituencies under Ireland's proportional representation system known as the single transferable vote.
That system is likely to give the larger parties a higher proportion of seats than their percentage...