Brian Cowen, the Prime Minister of Ireland, has been effectively ousted. He became unpopular for accepting a $114 billion bailout from the IMF and the European Central Bank which came with austerity strings attached. The terms of the agreement were in English, the official language of the European Union, but because the measure is controversial it was translated and published in colloquial Irish as well. "Stop spendin' fookin' money yeh 'aven't fookin' got."
It amounts to taking away Ireland's credit cards. What makes it worse is that they spent the money on beer.