FG: Govt left it too late to seek advice on bank guarantee scheme

FG: Govt left it too late to seek advice on bank guarantee scheme

Fine Gael has said that the Government "left it too late" to seek independent advice on the introduction of a bank guarantee scheme.

The party says the coalition had indications about the unhealthy state of Anglo and Irish Nationwide in early 2007 - but it wasn't until six days before the introduction of the scheme that they sought advice.

It follows reports yesterday that the Government was advised that a blanket guarantee scheme could be a mistake, as it would allow weaker banks to continue trading.

Fine Gael's deputy finance spokesperson Kieran O'Donnell said they simply didn't listen.

More on this topic

Danske offers 2,000 staff option to leave bankDanske offers 2,000 staff option to leave bank

Abu Dhabi fund cuts stake in Italy's UniCredit bankAbu Dhabi fund cuts stake in Italy's UniCredit bank

Ferdinando Giugliano: How bailing out bankers has become all the rage againFerdinando Giugliano: How bailing out bankers has become all the rage again

Yanis Varoufakis: The problem isn’t Christine Lagarde. The problem is the ECBYanis Varoufakis: The problem isn’t Christine Lagarde. The problem is the ECB


More in this Section

Pat Finucane’s widow ‘frustrated’ after Julian Smith meeting postponedPat Finucane’s widow ‘frustrated’ after Julian Smith meeting postponed

People of Drogheda to march against criminality and violence People of Drogheda to march against criminality and violence

McDonald: Sinn Féin will bring CervicalCheck screening services back to IrelandMcDonald: Sinn Féin will bring CervicalCheck screening services back to Ireland

Families of fishermen who died off Dunmore East settle High Court actionsFamilies of fishermen who died off Dunmore East settle High Court actions


Lifestyle

Kya deLongchamps turns the spotlight on countertop stars to look out for in the last throes of the January sales.Counter culture: Some star kitchen appliance buys

The model, presenter and musician chats to Lauren Taylor about how different it is having a newborn in her 40s.Myleene Klass on her post-baby body: ‘I’ve got two stone to lose but I won’t berate myself’

Paris haute couture fashion week concludes today, rounding off four action-packed days of catwalk shows in the French capital.Feminism to face tattoos: 7 Paris haute couture fashion week moments you might have missed

Originating in China, the deadly virus has similar symptoms to the flu.Coronavirus: What you need to know if you are baout to travel

More From The Irish Examiner