Monday 24 July 2017

Ministers quiet on back-up bank plan

john reynolds

THE government remained tight-lipped last night on whether it has any contingency plan for Ireland's banking system and economic policy ahead of Tuesday's crucial vote on austerity measures in the Greek parliament.

A spokesman for the Irish Banking Federation said: "There has been no collective engagement by the banks [with the Central Bank or the Department of Finance] on the matter."

As Taoiseach Enda Kenny said he was "reassured" that we are protected from any fallout from a Greek default. a source on the Central Bank's commission added: "It would be a foolish entity that didn't look at what the options were in all eventualities."

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