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Gilmore challenges Cowen on attempts to doctor truth on Anglo

Posted on May 12, 2010 at 04:42 PM

The continuing story of Anglo Irish Bank and the 'black hole' deficit that Fianna Fail has helped dig in the public finances was raised today in the Dáil during Leaders' Questions by the Labour Leader Eamon Gilmore TD.

Eamon referred to a story published over the weekend in the Sunday Times concerning confidential internal Anglo minutes from February 2009 between the Central Bank and Anglo Irish Bank.

It states that the Dept of Finance told the then Chair of Anglo bank not to be too negative in a letter to shareholders relating to the banks 2008 annual report which was published after the bank was nationalised in early 2009. According to the article the department drafted a less negative version of the statement.

Eamon then asked for confirmation that the department did in fact draft a less negative letter and asked Cowen if he could justify why the Government was directing Anglo to effectively issue false information on the state of its finances and its requirement for additional funding.

As always Eamon's contribution is ready to view on the accompanying video while you will be able to read the full transcript of the proceedings on the Oireachtas website.

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