Saturday 18 August 2018

The point of the bank inquiry is not public blood letting - it's to avoid another crisis

It is important to understand Brian Cowen’s thinking during the crisis. Photo: Steve Humphreys
It is important to understand Brian Cowen’s thinking during the crisis. Photo: Steve Humphreys
Stephen Kinsella

Stephen Kinsella

Is our banking inquiry dead before it starts? Ireland's latest inquiry - this time into the banking crisis - has yet to start. It may not be finished in the lifetime of this Government, though right now it is due to report by November 2015.

The inquiry's advisers include some of Ireland's best economists, with international expertise like Manulife's Megan Greene advising on aspects of the crisis.

The inquiry team is well resourced, with a secretariat and appropriate legal advice, and it has the right focus - a long run that begins in the 1990s and leads up to Ireland's exit from the bailout.

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