ANGER AS DAIL SEALS EUR485BN BANK RESCUE.Byline: By LISA GRAY THE Government yesterday approved a EUR485billion bail out to save the country's banks. But Opposition TDs slammed the move and said there weren't enough safeguards to protect taxpayers. Labour spokesman Joan Burton accused Finance Minister Brian Lenihan of being a cheerleader for the banks. She said: "Pensioners are suffering but it doesn't seem as though the bankers are. You haven't had a hard word to say, you are the Minister for Finance, where is the big stick Minister? "The big stick was taken out to the poor pensioners in the form of medical card cuts. "They understand they got a belt that they're going to be reeling from for years, but where's the big stick with the bankers? "You have a different duty than to just be a cheerleader for them." The two-year bank guarantee scheme, approved in the Dail yesterday, will protect Allied Irish Bank, Bank of Ireland This article is about the commercial banking company Bank of Ireland. For the central bank of the Republic of Ireland, see Central Bank of Ireland. The Bank of Ireland (Irish: Banc na hÉireann , Anglo Irish Bank Anglo Irish Bank Corporation plc (Irish: Banc Angla-Éireannach) ISEQ: ANGL, LSE: ANGL, FWB: CKL, is a bank based in Ireland, listed on both the Irish Stock Exchange and the London Stock Exchange, and headquartered in Dublin. , Irish Life and Permanent The Irish Life and Permanent (ISE: ILB) LSE: IPM (Irish: Cuideachta Bheatha na hÉireann) group is a leading provider of personal financial services in the Republic of Ireland. and Permanent tsb, Irish Nationwide Building Society and the Educational Building Society. Five foreign-owned banks later added to the scheme included Ulster Bank, First Active, Halifax Bank of Scotland, IIB Bank and Postbank. The banks will repay EUR1billion. |
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