How much has the Government invested in Anglo?So far, €4 billion.

How much more money will Anglo require from the State?

An estimated €6 billion but possibly more, given that the bank is preparing to report a loss of between €10 billion and €12 billion in the coming weeks.

Can Anglo avoid this by refusing to repay bonds?

Yes, it could. Fine Gael wants bondholders in Anglo (who are owed about €10 billion) to share in the losses by writing off debts, as they invested to earn a risk premium. The difficulty is most bondholders are covered by the State bank guarantee.

Can the bank just be wound up?

Anglo’s new management argues that this would cost close to €30 billion as the State would have to fund the bank in a liquidation, foregoing about €20 billion in bonds from Nama. They believe it will be cheaper for taxpayers to reinvent the bank by splitting it into good and bad operations, creating a new bank.