‘Basic decisions we took were the right ones for the country’
Answering journalists’ questions on the importance of newly-released documents outlining the advice the Government received in the run-up to the September 29, 2008, decision to instigate the blanket guarantee, Mr Cowen said: “At the end of the day the basic decisions that we took were the right ones for the country.”
Responding to questions concerning why the Government seemed to have ignored advice from Merrill Lynch and others who cautioned against a blanket guarantee, the Taoiseach repeatedly referred to a report by Central Bank Governor Patrick Honohan published last month which he claims supports the Government’s overall banking policy.
