Tuesday 17 January 2017

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.

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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.

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