Friday 18 August 2017

Brendan Keenan: Emergency procedures fail to reassure personal depositors

The Government should have acted to stem the run on the banks which saw 20 pc of deposits walk

ONE of the great mysteries of the crash is the way in which official Ireland and official Europe sat mutely by while confidence in the Irish banks drained away.

Anyone with any connections to the world of finance will know the most frequent question they will have been asked since all this began: "Is my money safe in an Irish bank?"

I don't like having to answer questions about people's own finances. I don't know enough, for a start. Even if I thought I did, it is too much of a responsibility to offer advice which might greatly affect someone's life. Not unless I was being paid for it anyway.

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