Shut down Anglo Irish Bank over 4-5 years: Greens
DUBLIN, Aug 30 (Reuters) - Ireland should consider shutting down nationalised Anglo Irish Bank over a period of about five years, the Green Party, the smaller member in the governing coalition said on Monday.
The comment from Green Party chairman Dan Boyle followed a newspaper report on Sunday that the plan to carve out a substantial so-called 'good bank' from Anglo Irish was facing opposition from the Greens and the European Commission.
'What we are not saying is that there can be an immediate shutdown of Anglo, that is still by far the most expensive option,' Boyle told public radio RTE.
He said the wind-down period should be less than 10 years.
'Any orderly wind-down of a bank will take at least four or five years,' Boyle said.
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