Coughlan reaffirms Govt policy on Anglo

Thursday 29 April 2010 22.13
Mary Coughlan - Anglo plan sent to Europe
Mary Coughlan - Anglo plan sent to Europe

Tánaiste Mary Coughlan has declined to comment on speculation about the European Commission's attitude towards State support for Anglo Irish Bank.

Fine Gael leader Enda Kenny referred to speculation that Competition Commissioner Joaquin Almunia had a view, not yet expressed publicly, about the Government putting any further money into Anglo.

Labour leader Eamon Gilmore also referred to a possible change in the Commission's attitude towards the bailout of what he described as 'this cesspit of a bank'.

The Tánaiste said she did not comment in the Dáil on the basis of 'whisper and innuendo'.

Ms Coughlan earlier told the Dáil that Government policy has not changed on Anglo. She said a plan on the bank had gone to the EU Commission and was being considered.

The Tánaiste said, however, that the Minister for Finance did not have a closed mind and was always open to suggestions.

She was responding to Mr Kenny and Mr Gilmore, who referred to the Minister for Finance's comments on the issue in the House yesterday.

They said the comments indicated some change in the position on Anglo.

Minister Lenihan said yesterday that he did not see the prospect of an immediate wind-up of Anglo as one which would benefit the taxpayer.

But he said that he did accept that a longer term 'work-out' was an option that had to be examined.