Sunday 22 October 2017

Cowen needs to give answers or risk position

The Taoiseach must respond to reports of his level of involvement in the Anglo Irish Bank scandal, says Jody Corcoran

Brian Cowen was remaining silent yesterday in the face of what seems to be a coordinated attempt to more directly involve him in what can broadly be described as "the Anglo Irish Bank scandal", possibly with the intention of threatening his position as Taoiseach.

Officially, Mr Cowen's position is that he will not "deal with anonymous comment", which appeared in two national newspapers yesterday, seeming to suggest that the Taoiseach's level of knowledge of the difficulties in Anglo in 2007 and 2008 was greater than he had previously stated.

Fine Gael has interpreted the reports as "appearing to confirm" that Mr Cowen was aware of the "insolvency issues" -- as opposed to liquidity issues -- at Anglo before the Government issued its blanket bank guarantee in September 2008.

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