Doubts linger over state’s Anglo move

The government decision to invest €1.5 billion in Anglo Irish Bank -and possibly more if needed- must be re-examined.

3rd January, 2009

The government decision to invest €1.5 billion in Anglo Irish Bank -and possibly more if needed- must be re-examined.

Anglo Irish Bank will have an extraordinary general meeting on January 16 to ask shareholders to approve the investment, so time is short. However, there are serious questions about whether this is the correct course of action, particularly at a time when exchequer resources are so scarce. Only the government and its advisers have access to...

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