Government wasted €1.2bn
Published 29/01/2012 | 05:00
Sir -- Minister for Transport Leo Varadkar was talking tripe when he said the sky would fall in if we didn't pay the €1.2bn payment to Anglo Irish Bank bondholders.
Contrary to what he said, householders wouldn't have had to pay much higher utility bills and mortgages.
There wouldn't have been a resulting increase in borrowing costs for banks and semi-State companies.