Sunday 11 December 2016

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

Published 04/09/2011 | 05:00

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.

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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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