Greens to push for Anglo closure

Greens to push for Anglo closure

The Greens will today push for a change in Government policy in what to do with Anglo Irish Bank.

The issue is expected to dominate today's Cabinet meeting, the first gathering of ministers since the summer break.

The Green Party's two ministers will go into today's meeting looking for a wind-up of Anglo in just four or five years.

They will use yesterday's record losses announced by the State-owned bank to back their case.

It is expected Fianna Fáil will resist the Greens' proposals, despite the issue being constantly raised by the public with politicians.

The Finance Minister Brian Lenihan will push for the splitting of Anglo into a good and bad bank - with the latter accounting for 80% of the balance sheet - effectively being wound up in seven to 12 years.

The discussion of the billions won't end at Anglo, ministers must also consider how to find savings of €3bn in December's budget.

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