Wednesday 7 December 2016

We still can't see daylight after a night of infamy that defines us

Published 28/02/2013 | 11:00

It was a Frankenstein solution undertaken with high hopes but what a costly experiment it proved to be. And while we know the bank guarantee went hideously wrong, we are still unclear how such a monster came to be bolted onto the Irish state.

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That vacuum of knowledge, that lack of public accountability, continues to create a democratic deficit – even as we hear promises of a long overdue inquiry later this year.

The notorious 2008 guarantee – which landed citizens with a €62bn bill and paved the way for the arrival of the troika – is to end next month. The coup de grace is earlier than expected, bringing with it a reminder that much remains vague about the night of September 29, 2008.

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