It was a stunningly bold move that flummoxed the financial markets and polarised the political establishment. On February 6, 2013, the government announced a rapid fire liquidation of the remnants of Anglo Irish Bank, a bankrupt property lender that had veered the Irish state towards insolvency.
The liquidation was central to a broader plan to restructure Ireland’s crippling national debt by staving off punitive interest payments on the cost of bailing out Anglo.
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