Taoiseach refuses to rule out €30bn Anglo bill

THE full cost of bailing out Anglo Irish Bank is expected to rise further after the Taoiseach refused to rule out the possibility of it passing the €30 billion mark.

Brian Cowen said “horrendous mistakes” were made in the banking system and that he has taken his “full measure” of responsibility for his role as former finance minister.

He said an updated estimate of what Anglo’s rescue will cost the taxpayer will be provided by the Financial Regulator at the start of next month to give some certainty to international markets.