Anglo Irish bailout to cost Ireland up to £29 billion

perhaps they should have stayed in the UK?

It might even bring down THE EUROZONE & then all the unemployed IRISH people who are allowed dual nationality will come to the UK & sign on for benefits.

The whole fiasco is a disgrace & an affront to the solid hardworking responsible citizens of EIRE many who will now see immigration as their only viable option.

GREED & MORE GREED FROM INEPT & WEAK POLITICANS & BANKERS ON STUPID SALARIES

Why was the market not expecting AIB to need 3bn by the end of the year? That was always the dealine set following the PCAR in March.

The actual story if your interested in reporting it is that they need an additional 450m to cover the increase NAMA haircut and are struggling to sell off their UK & US assets in time.

It is the Republic of Ireland or Ireland not normally known as Eire anymore.

never mind the name - a great pity the peoples of the British Isles had not all stayed together and had a 'federal' government with the power to have the same controls on bankers as Canada, Australia, NZ etc.

why were the awful pair Balir and Brown so cozy with these bankers?

Give them a chance we are all in this together!

Flippant comment

Uk Massively overcrowded with housing shortages. Irleand hugely underpopulated (denistiy) and in massive debt. Currently has ghost housing estates and enough residential stock that could not be filled at current levels until about 2060.

They are seriously talking of demolishing some of these homes as it is more cost effective than maintaining them!!

Solution: Ireland charge a premium to take on immigrants from EU states with a housing shortfall. Ireland recieve one off payaday and new economy created to serve these new communities. EU states reduce their benefit burden, every body wins

Yes I have conveniently glossed over all the other social problems this would cause/need addressing but you never know it could work?

TBH the anglo thing is a sideshow. The real problem is the Irish Government is spending €50bn a year and only taking in €30bn in tax. That's unsustainable and there's no political appetite in any party here for any kind of reform or to slash public spending and take on the public sector unions. So I reckon it's only a matter of time before we'll need help from the IMF, the only thing that's prevented that already was that we were able to prefund this year's EBR while everyone was worried about Greece.

Gordon Brown is kicking around somewhere trying to be useful and rather than just advising Africa how to get out of bust economic conditions he can perhaps at the same time advise the Irish government.

The banking industry has caused the problem, let them resolve the issues they created, or go bust.

Whether it is banks in the UK, USA or wherever, let them go bust!

The public services which are crucial for people's well being are being targeted: why should ordinary people be paying for the excesses of this very greedy neanderthals, who have absolutely very little in the way of common sense, but large egos which no one can challenge.

Governments & bankers are both in it so that the ordinary individual looses their jobs, their homes, their pensions, while the likes of Freddie Greedy Banker from hell has his six figure pension plan & golden hand shake!

I am sick to death of having threats that hospitals have to close, or my local library cannot be kept open. Bankers have done nothing for me, except to charge me to keep my money in their accounts - let them all rot in hell for chrissake!

I like the idea of Ireland, 'Ourselves Alone', 'A Nation Once Again', curing its economic headaches by becoming a multiracial dumping ground for the EU's unwelcome immigrants. Perhaps Sarkozy could hand out Aer Lingus tickets to his Roma visitors.

Doubt if Celtic nationalists would be so eager, though.

Doesn't the British Post Office bank with Irish banks? How daft! How unpatriotic! Can you imagine France or Germany agreeing to its Post Office banking in another country?

who audited these banks?

Did the FSA check them out before they allowed them to take uk deposits?

There has been a massive failure here not just by the banks but by the controls that were supposed to be in place.What was the auditor doing that he missed those loans that were going in and out to one of the directors?

What short memories many of you seem to have. A few short years ago we were all riding high on the credit boom...supplied of course by the banks. But banks can only offer the dosh they can't force anyone to take it. We, the people took it and we, the people spent it. Encouraged of course by the short sighted politicians who can only think of growth as the answer to getting re-elected. We were all swimming in the trough and now we're trying to stick the tail on the donkey banks. The London Stock Market had a new darling called Anglo Irish and we were all told time and time again that if we could only emulate the Irish economy then we would be within reach of heaven......Well heaven is further away than ever for many...maybe we should start looking a bit closer to home for answers.....

Nobody is forced to borrow - however if it is made easy for the feckless to do so - they probably will.

BTW - not everyone took cheap finance jiust because it was on offer. Some of us recognised that eventually there would be an unstainable credit fueled bubble which would end in tears.

I seem to recall that Allied Irish was the "foreign" bank which lent Lambeth Council's off-balance sheet company LAMSAT £50m secured on Lambeth Town Hall back in 1986 when radical black lesbian Linda Bellos took over as council leader from the surcharged and disqualified "Red Ted" Knight.

Looks like Allied always liked a walk on the wild side - and unfortunately the Irish people are now having to pay for their bankers 'indiscretions.

Theres a shortage of housing in England,so why not come to an arrangement with

the Irish gov. to sell or rent housing to people from the U.K. untill things get better

iover here.

Don't worry U2 will bail them out - oh no, I forgot, they don't pay tax either! When WILL these finance people wake up??????

Does nobody understand the difference between "immigration" [into a country] and "emigration" [from a country] ? At least two of the above commentators obviously do not!

"Doesn't the British Post Office bank with Irish banks? How daft! ..."

Tomwise, I couldn't agree more, although I don't know their present arrangements. I had some bond paying 7%-ish with the PO and got a letter saying they'd switched to some Irish bank, which was wonderful for customers as the Irish government had guaranteed the banks 100%. I was quite relieved when it payed up. I don't mind risk, but not for 7%, and the current rate will be much lower.

The banks have already been bailed out - if these were ordinary businesses, government do nothing about badly run businesses going bankrupt.

We should not allow this industry to hold governments to ransom, but obviously, there seems to be no way a government can say to them, go bust!

Whether or not the banks are bailed out with more public money is neither here nor there - what bugs me is that ordinary job public seems to be the one that is actually paying the price for other people's foolish investment - I have never been a fan of banks, but with this latest calamity that is facing all ordinary workers, who do not get millions in bonuses, or 6/7 figure pensions pots - why is this money not being recuperated from the CEO, & the others who reaped the benefits of poor investments?

I believe it is unethical that joe public is faced with having his pension reduced, faces job cuts (whether this is in the health service, police service, transport) we need nurses & doctors, police, bus & train drivers - we do not need the leeches who believe they are immune from the law.

If joe public had done something similar, he would be facing a jail sentence - when you are a banker, you get public money!

This insanity is only going to continue into the next few years - no one can guarantee that all the toxic debts have been removed - giving the banks carte blanche to carry on with this behaviour does not seem to be the right thing to do. When someone does something wrong, society expects the wrong doer to be punished - but not if you have untouchable status!!!

Were it not for me being a pacifist, I could see myself taking to the streets, & even burning an effigy or two, or razing a bank or two, to the ground - dust to dust seems a fitting end!

Note

At the end of the day , it will be the greek type bail out financed by German money and IMF

implementation of austerity measures which mean budget cuts will ruin the working middle class.