Market Currents

The Central Bank of Ireland says the cost of bailing out Anglo Irish Bank could rise to...

Thursday, September 30, 2010, 7:34 AM ET
The Central Bank of Ireland says the cost of bailing out Anglo Irish Bank could rise to €34.3B ($46.75B) in a worst-case scenario. State-owned Anglo Irish already has received €23B to prop it up. The central bank also says Allied Irish Banks (AIB) will need to raise an additional €3B by year's end. AIB -31.1% premarket.

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This news story has 5 comments:

MarketGuy Comments (3983)

Hellen Keller could've seen that coming (not many economists however)

30 Sep 2010, 07:37 AM Reply Like

2houndz Comments (302)

But the government bonds that will be needed for the bailout seem to be holding up just fine. All hail the government bond miracle.

30 Sep 2010, 07:47 AM Reply Like

DaJoker Comments (106)

The black swan is in flight, she can't remain in the air forever.

30 Sep 2010, 07:48 AM Reply Like

youngman442002 Comments (5033)

Thats more than their GDP.....wow...and prices are still sky high there for housing...

30 Sep 2010, 08:14 AM Reply Like

kennbyrne Comment (1)

18 months after this started and 24 after the bank guarantee, and they are still estimating........this cost looks like yet another guess and the bailout could get to the €42 billion mark yet

30 Sep 2010, 08:20 AM Reply Like

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