Dáil continues emergency debate on IBRC wind-up Bill

The Government has confirmed plans to liquidate the former Anglo Irish Bank in a deal with European chiefs to ease its €28bn toxic bank debt burden.

Dáil continues emergency debate on IBRC wind-up Bill
Thu, 07 Feb, 2013 - 01:13

The Government has confirmed plans to liquidate the former Anglo Irish Bank in a deal with European chiefs to ease its €28bn toxic bank debt burden.

Finance Minister Michael Noonan introduced emergency legislation just after midnight to cut the immediate cost of the nationalisation of the rogue lender - now known as the Irish Bank Resolution Corporation (IBRC) - following negotiations with the European Central Bank (ECB) in Frankfurt.

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CourtsPromissory notePlace: FrankfurtPlace: RomePlace: DublinPlace: BrusselsPerson: Finance MinisterPerson: Michael NoonanPerson: NoonanPerson: TaoiseachPerson: Enda KennyPerson: Director of Public ProsecutionsPerson: Patrick HonohanPerson: President Michael D HigginsPerson: Sean QuinnOrganisation: DáilOrganisation: IBRCOrganisation: Anglo Irish BankOrganisation: Irish Bank Resolution CorporationOrganisation: European Central BankOrganisation: ECBOrganisation: Central Bank of IrelandOrganisation: AngloOrganisation: National Assets Management AgencyOrganisation: NAMAOrganisation: KPMGOrganisation: Central BankOrganisation: Irish Nationwide Building Society
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