Liquidation 'brings end to Anglo saga': Bruton

Protests at the Anglo branch in Cork in 2010.

Jobs Minister Richard Bruton has said the decision to liquidate IBRC last night has brought an end to the saga of Anglo Irish Bank.

Richard Bruton was speaking after dramatic events in Leinster House overnight. The Dáil and the Seanad sat into the early hours of this morning to pass the Bill to liquidate the former Anglo Irish Bank.

All eyes turn to Frankfurt now, where the ECB Governing Council is meeting to discuss a deal on the Anglo promissory notes. An announcement is expected later today.

Minister Richard Bruton said he understood the uncertainty felt by the 850 workers at IBRC, but added that many of them would be redeployed to NAMA.

He said last night's events were about protecting the taxpayer.

"Last night, we brought to an end the whole saga of Anglo Irish," he said. "Recall five years ago we had a debate about writing a blank and open cheque to save Anglo Irish…Now we've brought (it) to an end. I think that is an important milestone."

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