Tuesday 26 September 2017

The main players during our darkest economic times

Double act: Then Taoiseach Brian Cowen and then finance minister Brian Lenihan speak to the media on November 21, 2010
Double act: Then Taoiseach Brian Cowen and then finance minister Brian Lenihan speak to the media on November 21, 2010
Patrick Honohan
Olli Rehn

The two Brians: Ireland was in a poor financial position anyway in the winter of 2010, but there can be no doubt the country was badly served by its two most senior political leaders.

Despite his more senior position, the then Taoiseach Brian Cowan effectively left the negotiations with the Troika to his finance minister, Brian Lenihan.

Out of their depth and out of ideas, the Taoiseach of the day and his finance minister, in particular, may have been working around the clock, but they failed either to stop the drift into a bailout, or to keep desperately worried citizens informed about what was really happening to their country.

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