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

More in this Section

400 GAA stars take part in sleep out for homeless

No Lotto winner - jackpot heads for €5m

Latest: Gardaí treating death of Limerick pensioner Rose Hanrahan as murder

Gardaí find body of Limerick man missing since Tuesday


Today's Stories

Jerry McCabe’s garda son successfully appeals assault conviction

‘Electrical appliances a fire risk when you’re out of house’, says senior fireman

Defilement left vulnerable teenager ‘in a very dark place’

Minister Eoghan Murphy supports Eighth Amendment reforms

Lifestyle

Review: N.E.R.D - No One Ever Really Dies: Their finest album to date

Everyone's mad at Google - Sundar Pichai has to fix it

Scenes from the analogue city - Memories of Limerick from the late 80s and early 90s

Ask Audrey: 'I heard that Viagra fumes from Pfizer’s were causing stiffys below in Ringaskiddy'

More From The Irish Examiner