FG: No voters misled on bank bailout

THE Government has been forced on the defensive over its decision to allow taxpayers pay for the bank bailout and leave senior bondholders untouched.

Finance Minister Michael Noonan insisted yesterday that Fine Gael had broken no election promises. Public Expenditure Minister Brendan Howlin similarly denied that Labour had misled the public during the election.

But the coalition was accused of reneging on their promises and putting the interests of the bondholders first.