Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-06-Speech-1-249"

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"en.20100906.19.1-249"2
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"Mr President, the Anglo Irish Bank has become the rotting corpse of corporate banking. Its recklessness has led to a situation where it has received a bailout of EUR 25 billion, or that is what we were told. It is now predicted to be EUR 35 billion. The reality is that the Irish Government does not know. It is simply guessing. But what we do know is that it is costing the Irish taxpayer EUR 210 million per week. What we do know is that it has posted losses for the first six months of this year of EUR 8.2 billion, and the situation is getting worse. The Irish Minister of Finance is in Brussels this week seeking EU permission to continue the bailout. I urge the Commission, and the Competition Commissioner, to tell him as bluntly as possible that the bank should be wound up not in ten years, as the Irish Government wants, but in two or three years. It is an extravagance that we cannot afford."@en1
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