The Minister for Finance has claimed that the viability of Anglo Irish Bank was of 'systemic importance' to Ireland. He made the claim at an Oireachtas Committee meeting this morning. He also claimed the collapse in Anglo's share price was connected to Bear Stearns' problems and HBOS...
The Minister for Finance also stressed the viability of Anglo Irish Bank was of systemic importance to Ireland.
He added that the publication last week of Anglo Irish's accounts brought an end to what he called a regrettable chapter in the bank's history.
In response to questions form Labour TD Joan Burton, Minister Lenihan explained the fall in share price at Anglo Irish on 17 March 2008.
He said it was linked to difficulties experienced by HBOS in the UK in accessing funds from the wholesale markets and the crisis at Bear Sterns.
Is what he says reasonable?
RTÉ News: Lenihan stresses importance of Anglo Irish