Government signals banking crisis inquiry

AN inquiry into the cause of the banking crisis is expected after the Government last night signalled its intention to examine the origins of the collapse.

Following a seven-hour meeting the Cabinet agreed that a statement would be made to the Dáil next week outlining “the appropriate approach to be taken to enquiring into the origins of the banking crisis”.

Taoiseach Brian Cowen said as recently as Monday that an investigation was not a matter of priority. But he left open the possibility that it might be considered at some point in the future.