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."

Related Articles

Former Anglo executives begin appeal against their convictions

Jury deliberations suspended at bankers' trial after juror hospitalised

Anglo trial jury hears tape of David Drumm speaking 'in fairly colourful terms'

More in this Section

US game show Wheel of Fortune spotted filming in Limerick for episode to feature Ireland

Pedestrian dies after collision with lorry in Dublin

Elderly man dies in Wexford house fire

Prosecutor believes 14 facts presented to Kildare murder trial proves guilt of accused

Today's Stories

Judge: Man’s brains fried from far too much weed

Cabinet to fast-track abortion ruling responses

TDs accuse Fianna Fáil of ‘farce’ over mid-term break vote

€1.7m for baby who defies the odds


Album Review: Planxty - Between the Jigs and the Reels

Axe throwing could be the perfect stag event

Meet the co-founder of Movember - the man keeping men healthy, and alive

Mortgage cash deals require care and research

More From The Irish Examiner