Campaigners call for halt to Anglo bailout payments

A CAMPAIGN group is calling on the Government to stop repaying Anglo and Irish Nationwide’s massive debts.

Debt Justice Action, a collection of unions, social justice groups and academics, says it is entirely wrong that the taxpayer is being left to foot the €30.6 billion bill for the Anglo and Nationwide bailout.

Anglo and Nationwide were merged last year into an asset recovery bank called the Irish Bank Resolution Corporation (IBRC) after the Government pumped a combined €30.6bn in to them by way of a promissory note, or IOU.