Charlie McCreevy slow to say if role led to crash

The banking inquiry was dramatically suspended for 20 minutes yesterday after former finance minister Charlie McCreevy repeatedly refused to answer key questions on what caused the economic crash.

Charlie McCreevy slow to say if role led to crash

The unexpected turn of events occurred after Mr McCreevy, the first politician to appear, declined to give an opinion on whether his policies fuelled the property bubble central to the crisis.

In a bullish stand-off that set the tone for hours of “elusive” responses, the finance minister from 1999 to 2004 was asked five times by Sinn Féin’s Pearse Doherty if a bubble occurred at any point and if his policies contributed to it.

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