Willie Penrose (Longford-Westmeath, Labour)
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Question 35: To ask the Minister for Finance when he will make public the submission to the European Commission regarding the strategic future of State owned Anglo Irish Bank. [44864/09]

Willie Penrose (Longford-Westmeath, Labour)
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Question 62: To ask the Minister for Finance when he will make public the report prepared by a company (details supplied) regarding strategic options for the future of State owned Anglo Irish Bank. [44863/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 35 and 62 together.

As a condition of State Aid approval, in relation to the injection of capital of €4 billion into Anglo Irish Bank, the EU Commission required that Anglo Irish Bank submit a restructuring plan to the Commission by the 30 November 2009. The restructuring plan must comply with EU guidelines in this regard and have regard to EU competition rules. The plan is required to look at and assess all options for the future of the bank including liquidation, wind-up over time, stabilisation of the current operations and a radical restructuring of the bank etc.

The restructuring plan has been prepared by the bank and submitted to the EU Commission for consideration. The Deputy will understand that in view of the commercial sensitivities involved it would not be appropriate for me to make public or comment on any detailed elements of the plan including the projected costs of any particular scenarios in the plan.

The submission of the plan marks the beginning of a detailed and comprehensive evaluation of the plan in advance of any final decision by the Commission on the plan. This will require extensive consultation and dialogue between the Commission, the Irish authorities and the bank. I am committed to working closely with the Commission and the bank on the assessment of the plan to achieve the best possible outcome for the State from this process.