Wednesday 7 December 2016

Brian Lenihan in quotes: how he changed tune

Published 06/09/2010 | 05:00

"The Government has made it clear that it will ensure Anglo Irish Bank's continued viability. It will continue to trade normally as a going concern." (Finance Minister Brian Lenihan, February 2009)

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"I understand why many want us to close this bank. I understand the impulse to obliterate it from the system. But I cannot, as Minister for Finance, countenance such a course of action." (March 2010)

"Finding a long-term solution for Anglo Irish Bank is by far the biggest challenge in resolving the banking crisis. The sheer size of the bank means there are no easy or low-cost options . . . winding up the bank is not and was never a viable option.'' (March 31, 2010)

"We would all like to see the back of this institution, but it is not possible." (April 2, 2010)

"The prospect of immediate wind-up, which is earnestly desired I know by large segments of the population, as one which will benefit the taxpayer . . . I do accept that a longer term workout is an option that has to be examined." (April 29, 2010)

"I do not have a preferred approach to the future of Anglo Irish Bank." (April 30, 2010)

"Second to the good bank plan is the option to wind down Anglo Irish Bank over a very long period." (August 31, 2010)

Irish Independent

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