The outspoken businessman said the minority government doesn't have the votes to even pass a budget.
The government's first defeat in the Dáil came yesterday on a motion for a living wage in the public service.
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Michael O'Leary said the opposition isn't much better, calling Fianna Fáil leader Micheál Martin 'useless'.
The Ryanair CEO also said the electorate should be ashamed of itself for voting on 'local lunatic issues'.