Coalition rift as Boyle raps Anglo

CRACKS appeared in the coalition’s approach to the crisis-hit, nationalised bank Anglo Irish last night as Green Party chairman Dan Boyle signalled a fast-track wind-down is needed.

He told the MacGill Summer School the bank was a “notorious failure” and questioned the wisdom of pumping more into an institution which had already consumed more than €22 billion in public funds.

“We may be coming close to a time when the alternative of phasing out the bank over a shorter time period will become the more cost-effective option.