Thursday 23 November 2017

Kenny under fire for 'Army at the ATMs' comments questioned

Niall O'Connor and Colm Kelpie

TAOISEACH Enda Kenny's assertion that he was warned to have the army on standby in order to prevent a run on the banks was last night being called into question.

Mr Kenny told an audience in Madrid about the prospect of the ATMs running out of cash in 2011.

"The Governor of the Central Bank in Ireland said to me: 'It looks like this weekend ... you'll have to put [the] Army around the banks and the ATM machines and introduce capital controls, like they had in Cyprus.' So we've pulled back from that brink."

But the remarks about troops on standby were seized by the Opposition, who asked why Mr Kenny failed to mention the scenario during his appearance before the Banking Inquiry.

And the Central Bank is understood to be puzzled by the Taoiseach's claims, with one source speculating that Mr Kenny may be getting confused with plans to deal with a potential break-up of the eurozone at the time.

Irish Independent

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