Tuesday 24 April 2018

Nyberg report: who was in charge?

The Finnish civil servant's judgement on Irish banking, though diplomatic, is damning, says Daniel McConnell

Last Tuesday, moments after its publication, the Finance Minister, Michael Noonan, said that while the Nyberg report is written "very diplomatically", it is quietly devastating. He was correct.

Using broad conclusions of 'herding' and 'dangerous consensus' enabled the Finnish bureaucrat to get away with not naming individuals, thus avoiding being dragged into the murky world of Irish blame politics.

However, there is no doubting as to who he blamed for Ireland's worst ever financial crisis. Peter Nyberg's failure to explicitly name those responsible for this depression while predictable from a career civil servant, is nonetheless extremely disappointing to Irish taxpayers.

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