Irish central bank: Net cost of Anglo Irish to Govt may be about 22-25 bln euros
- Markets still need to be convinced about the ability of govts to deliver fiscal cuts
- No question that national growth is best served by bringing public finances into line
- A tax on bank transactions would not generate as much revenue as supposed
- A tax on bank transcations would not curb financial excess
- Taxes aimed at bank’s excessive reliance on short-term borrowing would be better

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[...] Irish central bank says net cost of Anglo Irish to govt may be about 22-25 bln euros. Irish Nationwide will need additional capital [...]