Heated exchanges expected as Dáil business resumes

Heated exchanges expected as Dáil business resumes

The Cabinet is to discuss the final cost of bailing out Anglo Irish Bank later with an announcement due before the end of the week.

The Dáil returns from its summer break today, with lively exchanges expected between Government and Opposition, as well as between Fine Gael and Labour.

All eyes will be on voting numbers - to see just how slim the majority could be.

This morning Ministers will hear the figures for splitting Anglo Irish Bank into two - the asset recovery bank and funding depositors bank.

The Financial Times reports the extra capital needed from the taxpayer is around €5bn, bringing the final bill to €30bn, well shy of the forecasts it could hit €35bn.

If the Cabinet approves the Anglo plan today it is likely to be announced by tomorrow night to try and ease market jitters about our debt.

In the Seanad, the suspension of Senator Ivor Callely is set to top the agenda.

Fine Gael is planning to prevent Ivor Callely taking his seat in the chamber, saying he must serve his 20-day suspension, amid rumours that he is intent on defying the ban.

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