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

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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