Wednesday September 08 2010
THE Government is poised to make a final decision on the future of embattled Anglo Irish Bank at a cabinet meeting today.
Anglo's day of reckoning comes after Monday's crunch talks between Finance Minister Brian Lenihan and the European Commission's state aid chiefs.
Speaking in Brussels last night, Mr Lenihan said Anglo's controversial plan to split itself into a 'good bank' and a 'bad bank' had been comprehensively examined. "The commission has expressed an opinion on it, not a binding opinion, but a view," he said.
"The Irish Central Bank has expressed a view, the National Treasury Management Agency has expressed a view and my department are working on it. All these opinions are being brought to the Government so they can make a decision."
Asked if the Government would be in a position to announce its preferred route for Anglo today, Mr Lenihan said he "anticipated" the Cabinet would "look at the options and come to a conclusion on the matter".
