Bank guarantee was the right decision, says Cowen

Taoiseach Brian Cowen tonight insisted he stood by a €440bn State guarantee given to Irish banks at the height of the global financial crisis.

Bank guarantee was the right decision, says Cowen
Fri, 16 Jul, 2010 - 17:48

Taoiseach Brian Cowen tonight insisted he stood by a €440bn State guarantee given to Irish banks at the height of the global financial crisis.

Government papers from September 2008 revealed advisers from US banking giant Merrill Lynch warned the radical protection plan could be a mistake.

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CourtsPublic Accounts Committee documentsPerson: CowenPerson: TaoiseachPerson: Brian CowenPerson: Merrill LynchPerson: John HurleyPerson: Financial RegulatorPerson: Patrick NearyPerson: thePerson: Governor of the Central BankPerson: NearyPerson: Pat NearyPerson: Michael NoonanPerson: Finance MinisterPerson: Brian LenihanPerson: NoonanPerson: GovernorPerson: Patrick HonohanPerson: LenihanPerson: Roisin ShortallOrganisation: Anglo Irish BankOrganisation: Dáil Public Accounts CommitteeOrganisation: PACOrganisation: AngloOrganisation: AIBOrganisation: Bank of IrelandOrganisation: Irish Life & PermanentOrganisation: Irish NationwideOrganisation: EBSOrganisation: Central BankOrganisation: TaoiseachOrganisation: Fine GaelOrganisation: Anglo-Irish BankOrganisation: Department of FinanceOrganisation: PricewaterhouseCoopers
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