Report: Saving Anglo was right thing to do

ONE of the reports into the banking crisis concludes that saving Anglo Irish Bank was the right thing to do.

In his assessment of the crisis Central Bank Governor Patrick Honohan insists that the Government decision not to let Anglo go to the wall was the correct one given the enormous uncertainty surrounding the global banking sector at the time.

In his report the governor notes that the debate about Anglo has been “the subject of considerable discussion” in the wake of the guarantee to all of the five Irish banks given in late September 2008.