Ministers back lengthy Anglo wind-down
By Cathal McGuigan
The cabinet have stated that an "orderly wind-down" of Anglo Irish Bank over a lengthy period is the favoured for the bank.
Yesterday, the cabinet had a lengthy discussion on Anglo's future and made a statement afterwards that said it was determined that the issue be resolved at the least cost to the taxpayer.
“The Government is working with the EU authorities to that end; it is also in active discussion with the EU Commission about the future of the bank guarantee,” it said.
The wind-down of the bank is now the most likely option, while the bank's favoured solution, to create a good bank/bad bank, is less likely.
Speculation on future plans for Anglo Irish mounted this week following statements from Dan Boyle of the Green Party that the junior coalition partner preferred a quicker wind-down of the bank.
Minister for Finance Brian Lenihan will meet with fellow EU finance ministers on Monday and the issue of Anglo is expected to feature in discussions.
A final decision on the fate of the bank will depend on the view taken by the European Commission and the European Central Bank on the issue.
“Europe has stood firmly behind the Irish banking system and the difficulties in Anglo needed to be addressed and resolved in co-operation with the European authorities,” said Mr Lenihan.
http://www.insideireland.ie/index.cfm/section/news/ext/anglowinddown001/category/1084
Eine Abwicklung der Gesamtbank über einen längeren Zeitraum macht eine Rückzahlung der Anleihe zu 100% am Fälligkeitstag recht wahrscheinlich. Um 40% scheint die Anleihe einen Boden auszubilden, auf diesem Niveau gibt es aktuell ordentliche Kauforders.
