Gilmore: Bank guarantee was a disastrous decision

Tánaiste Eamon Gilmore has reacted angrily to Micheál Martin’s assertion that the bank guarantee was the “least worst option” available to the former government in 2008.

The Labour leader, who will speak to the UN General Assembly later this evening during his fourth day of engagements in New York, slammed what he described as a “disastrous decision”.

Mr Gilmore was speaking to the media at the Irish Consulate in Manhattan after an IDA/Enterprise Ireland business breakfast where he announced details of next weekend’s Global Irish Economic Forum in Dublin Castle.