Cowen: Govt unaware of bank's multi-billion euro loans

The Government did not know about secret multi-billion euro loans given to Anglo Irish Bank by Irish Life & Permanent last September, the Taoiseach said today.

Cowen: Govt unaware of bank's multi-billion euro loans
Wed, 11 Feb, 2009 - 15:42

The Government did not know about secret multi-billion euro loans given to Anglo Irish Bank by Irish Life & Permanent last September, the Taoiseach said today.

The massive payments were designed to boost the balance sheet of Anglo Irish amid turmoil in the banking sector.

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