Saturday 3 December 2016

Brendan Keenan: Anglo uncertainty more damaging than debt itself

Published 07/09/2010 | 05:00

INNOCENT citizens could be forgiven for thinking that all the fuss over what should happen to Anglo Irish Bank means ways are being sought to prevent them being on the hook for tens of billions. Bless their little hearts.

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No such discussions are taking place at official level. All the batting back and forth of documents; the talks with the EU Commissioner; the arguments between Greens and Fianna Fail; all may be important but they will make little difference to the final, horrendous bill.

The one idea that would, in theory, save significant sums for the taxpayer is not on the table. That is that Anglo simply should not pay back all the money it owes.

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