Sunday 21 January 2018

'Night of guarantee' myth only partly debunked

Former Taoiseach Brian Cowen
Former Taoiseach Brian Cowen
Kevin Doyle

Kevin Doyle

The 'night of the guarantee' is something of a myth, according to the Banking Inquiry team.

They argue that the concept of the State guaranteeing the banks was first raised in January 2008 - nine months before the panic button was pressed.

The report also suggests that former Taoiseach Brian Cowen was wrong when he told the inquiry: "We had one shot at it, or Ireland could have been set back 25 years."

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