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Ireland's finance minister tries to calm fears over Anglo Irish Bank | Business | The Guardian

Ireland's finance minister, Brian Lenihan, was in Brussels tonight in an effort to clinch a deal over the toxic Anglo Irish Bank while trying to calm financial markets' fears that the government bailout could bankrupt the country.

After "constructive" talks with the EU competition commissioner Joaquín Almunia today he heads into a conference of European finance ministers tomorrow aware that Ireland's financial system has come under intense scrutiny from the financial markets.

In a rare interview on the subject of the bank, Lenihan said he was confident that the €25bn (£21bn) already pumped into the bank could be absorbed by the public purse.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Sep 6th, 2010 at 03:24:36 PM EST
[ Parent ]
Lenihan said he was confident that the €25bn (£21bn) already pumped into the bank could be absorbed by the public purse.

Whether it can or not the concern of the markets is about the next €25 billion Anglo Irish will need, and what it will still need after that.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 6th, 2010 at 10:21:17 PM EST
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