Tuesday November 24, 2020

Commission says Anglo may need to be wound up

The European Commission has challenged the Irish government to demonstrate why Anglo Irish Bank should not be liquidated, when the bank finalises a restructuring plan for the commission’s approval in the coming weeks.

26th September, 2009

The European Commission has challenged the Irish government to demonstrate why Anglo Irish Bank should not be liquidated, when the bank finalises a restructuring plan for the commission’s approval in the coming weeks.

In correspondence sent to the Irish government, EU competition commissioner Neelie Kroes, whose remit includes approving state aid, said the restructuring plan, when submitted, should address all possible options regarding Anglo’s future - including liquidation.

The correspondence also...

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