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The European country of Ireland to get a new Prime Minister. Fianna Fáil leader Micheál Martin has been elected as Irish prime minister at a special meeting of the Irish parliament.

A coalition of Fianna Fáil, Fine Gael and the Green Party has been created. The formation of the coalition has paved the way for the induction of Mr. Martin as the PM  

It was in last February the country witnessed election last. In the election, no party secured majority to rule the country.

This development has led to the formation of this unusual coalition. The present coalition is the outcome of several months long discussion.  

The two larger parties needed the support of the Greens to have a working majority in the Irish parliament.

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News

Ireland began search for a new central bank governor, following the departure of Philip Lane to the European Central Bank. The government will be launching national and international search for the new central bank governor.

The candidates to be participated should submit an expression of interest to the Minister for Finance. The search for the central bank governor will be an extensive national and international executive search to identify suitably qualified candidates in Ireland and abroad, says the Department of Finance.

The President will be appointing the Governor on the advice of the government for a term of seven years. The person will also be a member of the Governing Council of the European Central Bank.

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