Dukes warns cost of bailout could exceed €25bn

ANGLO Irish Bank chairman Alan Dukes has warned the final cost of bailing out the troubled bank is now likely to be more than the €25 billion estimate he gave for the bail out just a few weeks ago.

Mr Dukes said the original estimate was based on the good bank and bad bank strategy getting the support from the European Commission.

He suggested now the original plan had been rejected, Anglo would have to go back and reassess the costs facing the state under the wind down option it has to implement.