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

Read More:
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."

Read More:
Promnight twitter-style

Email Updates

Receive our lunchtime briefing straight to your inbox

Related Articles

More in this Section

20 new jobs for Kilkenny city

Sinn Féin: UK government 'going through the motions' in powersharing talks

'Devastating how much a single event can destroy a person': Husband of pregnant Malak Thawley, who died in surgery

Jobstown trial: 'All he is doing is holding a banner walking up the road, with some old dears from Tallaght'


Today's Stories

County council issues legal warnings over ghost estates

Surge in number of gardaí going to watchdog

Garda HR chief told of bid to ‘go after’ McCabe, says file given to tribunal

Paschal Donohoe plans first balanced budget since crash

Lifestyle

Move over, David Gandy — there’s a new crew of Irish men making their mark on the catwalk

The benefit of sport is more than just winning

Dublin Cookie Co is cooking up a business

Ask Audrey: I tried tantric sex with my yoga instructor once and we managed 47 minutes before the bus arrived at Parnell Place

More From The Irish Examiner