Fianna Fáil: Banking probe has hand tied behind back

The banking inquiry will get under way with "one hand tied behind its back", according to the opposition who said the Government has already shown signs that hearings will be prejudiced by partisan politics.

Fianna Fáil’s finance spokesperson, Michael McGrath, who will sit on the nine-person committee examining the circumstances surrounding the banking collapse, said comments by the Labour leader put the long-awaited inquiry on the wrong footing.

In a Dáil debate on its establishment, Eamon Gilmore said this Government “has spent the last three years picking up the pieces of a disastrous banking crisis and the equally disastrous response to it.”