HARRY McGEE, Political Correspondent
THERE IS now a compelling need for the Government to fully justify why it is continuing its rescue of Anglo Irish Bank, Fine Gael finance spokesman Michael Noonan has said.
Mr Noonan said Minister for Finance Brian Lenihan must publish a “balance sheet”-type statement to support the argument that Anglo Irish was worth saving.
“The Minister must make a detailed statement where he sets out the cost of rescuing Anglo Irish Bank against the cost of an orderly wind-down. We must be reaching a point now where an orderly wind-down is less expensive than the continuing incremental bailout,” said Mr Noonan.
