Burton: Today is 'Black Thursday'
The Labour Party has said that the Government's "gamble" on Anglo Irish Bank did not pay off.
The party's finance spokesperson was reacting to this morning's announcement on the final cost of bailing out the bank.
Speaking this morning, Joan Burton described today as Ireland's 'Black Thursday'.
She accused the Government of mishandling the entire Anglo situation.
"A lot of people in Ireland have said that the Government were in denial about the level of difficulties in Anglo, for a lot of different reasons," Deputy Burton said.
"I think in Irish history this is going to go down as our 'Black Thursday'," she added.
"The landscape has changed."
As for the junior coalition partner the Greens, party chairman Senator Dan Boyle tweeted this morning to say the horrendous figures tests their willingness to be a responsible party in government.
Party colleague and Communications Minister Eamon Ryan admits that today's developments will test the Government.
"This would test anyone," Minister Ryan said. "This is going to test the country.
"We have a terrible legacy of a property bubble and a failed banking system. We have to get over that.
"We have to resolve it and that's what we have done over the past two years."
More in this section One-leaflet per household rule for European elections Gardaí warn Galway businesses over fake €200 bills No winner of Lotto jackpot Two injured in Dublin explosion Green Party calls for new home-focused economic model Flannery faces renewed calls to appear at PAC over lobbying reports Investigation under way into two pipe bomb attacks in Derry Burton: Government will 'keep examining' need for domestic violence information law Burton defends proposal to see childminding grandmothers complete 26-page tax return Tullamore teenager reported missing Home
NEWS Northern Ireland's Westeros could be a Game of Thrones tourism goldmine
Game of Thrones could do for tourism in Northern Ireland what Lord Of The Rings has achieved for New Zealand.
Hep C support group spent €13k on pamper weekend
A hepatitis C support group whose funding has been pulled spent almost €13,000 of public funds on a pampering and relaxation weekend despite being instructed not to do so, according to the Health Service Executive.
WORLD Pistorius ‘fired gun through car sun roof,' says ex-girlfriend
A seething Oscar Pistorius fired his pistol out of a car's open sun-roof after an argument with a police officer, ex-girlfriend Samantha Taylor told a court, the fifth day of his trial for the murder of Reeva Steenkamp.
‘Only a miracle’ can save Schumacher
Michael Schumacher's family have been told "only a miracle" can save the Formula One legend, according to reports.
BUSINESS AIB credit rating may be lowered
International credit rating agency Standard & Poor's has warned it may lower its mid-range 'BB/B' rating on AIB later this year, saying its outlook for the bank remains "negative".
LIFESTYLE Size really does matter when it comes to men’s height
RAISED on fairytales in which tall, dashing princes gallop to the aid of maidens in distress, women assume the perfect date must tower above them — but suppose the guy who adores you is eyeball to your shoulder?
How to transform your house space
Does your home ache for a makeover? Is a new extension the cure for your storage problems, or is it lack of light that's making you gloomy?
We have no upcoming events at the moment. Please check 'Recent Events' tab for past events
We have no live events at the moment. Please check 'Future Events' tab for upcoming events
© Irish Examiner Ltd, Linn Dubh, Assumption Road, Blackpool, Cork. Registered in Ireland: 73385.