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."

Promnight twitter-style

Related Articles

Supreme Court reserves judgement in appeal against €31bn promissory notes

More in this Section

Dublin boy (13) dies after motorbike crash in Derry

OCI appoint Grant Thornton to examine handling of tickets in Rio

Body recovered from base of Cliffs of Moher

Meath man wins almost half a million in Euromillions Quick Pick


Today's Stories

Being overweight linked to eight more types of cancer

Cork Spy Files: UCC project throws new light on 'spy' killings during War of Independence

Call to strengthen legislation as 47,000 Irish homes owned by vulture funds

Stalled Cork events centre won’t be open in 2018 as promised

Lifestyle

Nicky Siano talks about the birth of dance music in New York after Stonewall

School days can be great, but a lot can depend on getting the right teachers

Ask Audrey has been sorting out Cork people for years

There’s something about marriage: The Tinder generation settles down

More From The Irish Examiner