Bailing out Anglo Irish Bank could cost 34 billion euros

The Irish central bank has warned that rescuing the Anglo Irish Bank from ruin could cost up to 34 billion Euros in the worst case scenario. In the best case, it will still cost a whopping 29.3 billion Euros to bail out the financial institution that was exceptionally hard hit by the economic crisis. The Allied Irish Bank, in which the Irish government has a 19% share, will also need to to raise three billion Euros before the end of the year.