Choose your poison. An analysis of the three options available to the government in resolving the Anglo Irish Bank problem, published by Dublin securities firm Glas last week, makes for grim reading.
Even in the best-case scenario, one in which Anglo is split into a so-called ‘good bank’ and an asset recovery agency to work out poorer quality non-Nama loans, the bank’s total capital requirement is anticipated to hit almost €25 billion - almost €3...
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