A nationalised Irish bank that mainly deals with business and commercial banking. The bank lent heavily to property developers meaning that it was badly affected in the downturn of the property market in 2008, this resulted in the Irish government buying 75% of the bank for €1.5 billion in December 2008 to save the bank. On the 30th of September 2010 the Government announced that the estimated total cost of bailing out the bank would be in the region of €30 billion.
In a wide-ranging interview with RTÉ, the Taoiseach also said that he was “not in the business of providing abortion on demand” and said the Anglo promissory note would be restructured.
Compared to last year this was not Ireland’s best year in the eyes of the international media which focussed on the very different circumstances of two stars of the Celtic Tiger and Ireland’s strict abortion laws…
The only one of Ireland’s main banks not under State control makes the final payment to bondholders today bringing to over €20 billion the amount paid out by it and other banks this year.
The case of Seán Quinn and his family’s legal battle with the most infamous bank in the history of the State has dominated headlines for months but what’s it all about? TheJournal.ie has a look…
Former trader Nick Leeson can’t believe he wasn’t a shoo-in for Anglo: The Musical – but he’s pretty confident that puppets are the right choice to play inaminate objects who can’t take control of their own situation.
Michael Noonan and Brendan Howlin meet with Wolfgang Schauble at Farmleigh House in Dublin today where discussions on Ireland’s legacy bank debt are sure to come up.
IRISH RAIL HAVE taken the decision to ban e-cigarettes on all train services and the DART.
There is no evidence that the devices cause any harm to anybody standing close to them, but Irish Rail say that they’ve had complaints from passengers about the smell they create.
E-cigarettes are marketed as a way to help people stop smoking but they do contain nicotine and were recently banned for under-18s. But should Irish Rail’s ban be extended elsewhere?
Today’s poll: Should e-cigarettes be banned in all workplaces?
Partly sunny
Max: 11 °C
Min: 1 °C
Pleasant with plenty of sunshine
Max: 13 °C
Min: 3 °C
Mostly sunny and pleasant
Max: 14 °C
Min: 6 °C
