Austerity Vote Creates All Green in Irish Stocks (AIB, IRE, IRL, RYAAY, ELN, WCRX)

The majority vote is expected, but it is still going to be a close call.  If approved, Ireland will be able to access a rescue package set at 85 billion euros, or almost $113 billion.  The package was put together by the European Union and by the International Monetary Fund.

The New Ireland Fund, Inc. (NYSE: IRL) has not yet traded but it closed at $6.59 and it has a 52-week range of $5.55 to $7.91.

Allied Irish Banks plc (NYSE: AIB) is up 14% at $1.19 and the Bank of Ireland is up 17% at $2.53.

Ryanair Holdings plc (NASDAQ: RYAAY) is up 1.8% at $31.10, Elan Corporation plc (NYSE: ELN) is up 3.3% at $5.78, and Warner Chilcott plc (NASDAQ: WCRX) is up 4.1% at $20.75.

JON C. OGG