FG: Not another cent for Anglo

Fine Gael has said that if it elected to Government, it won't put "another cent" of taxpayers' money into Anglo Irish Bank.

Fine Gael has said that if it elected to Government, it won't put "another cent" of taxpayers' money into Anglo Irish Bank.

It follows claims from the bank's chairman Alan Dukes that a further €15bn would need to be pumped into the institution.

Mr. Dukes also maintains that the National Asset Managment Agency will require a further €75bn to keep its operation going, something which NAMA has categorically denied.

Fine Gael leader Enda Kenny said taxpayers have forked out enough, and it is time for bondholders to take the hit.

"The junior, and senior, and non-guaranteed bondholders are going to have to pay the price," Mr Kenny said.

"The Irish taxpayer is faced with a crushing burden by virtue of the decision made by Government.

"The Fine Gael party have a different view about our banking structure."

However under questioning a short time later, Mr Kenny admitted anything committed to in the IMF loan deal would be paid, and that there could be a deal cut with bondholders.

"We are not prepared to commit any further monies, beyond that which is already committed to in the IMF/EU deal, until I see that the bondholdes… are prepared to accept their share of the debacle.

Meanwhile NAMA is insisting it doesn't need €75bn as claimed today, and is adamant the €37bn it plans to spend will be enough.

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