Saturday 25 February 2017

Pressure on Cowen to reveal what he knew months before bank guarantee

Ronald Quinlan

Ronald Quinlan

TAOISEACH Brian Cowen last night refused to make any comment on the claim that the former chief executive of Anglo Irish Bank, David Drumm, personally informed him that the bank was haemorrhaging deposits and was facing severe problems with its liquidity at a private dinner in April 2008 -- a full five months before the Government introduced the controversial €440bn deposit guarantee scheme.

Asked by the Sunday Independent to respond to claims from an informed source who attended the private dinner on the night of April 24, 2008, that Mr Drumm briefed Mr Cowen in detail on the difficulties the bank was facing, the Taoiseach's spokesman said: "We don't respond to comment from anonymous sources."

Mr Cowen's spokesman refused to be drawn on any of the claims being made to this newspaper in relation to Mr Drumm's alleged one-to-one discussion with Mr Cowen at the board's dinner.

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