Zombie Bank to Cost Irish Taxpayers Billions More

Zombie bank Anglo Irish may cost the Irish taxpayer far more than the $30 billion so far set aside.

Anglo Irish Bank formerly run by now bankrupt Sean FitzPatrick was at the center of the property collapse leaving billions in bad loans in its wake.

The new crisis has emerged despite assurances by the government that the Anglo bill would not come to more than the $30 billion figure.

However, the Department of Finance has now admitted that there was a ‘significant risk’ that the Anglo bill will rise even further.'

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