People were 'seduced by banks', says Taoiseach

Taoiseach Enda Kenny has again rejected suggestions that he let the Irish people down by his comments in Davos last week, saying that many people were "seduced by banks".

Taoiseach Enda Kenny has again rejected suggestions that he let the Irish people down by his comments in Davos last week, saying that many people were "seduced by banks".

Mr Kenny said at the time that the economic crisis was caused by people who "went mad borrowing".

He has been heavily criticised for the remarks by Opposition parties who said that he blamed ordinary people for the crisis rather than wreckless bankers and property speculators.

Speaking in Brussels last night, the Taoiseach rejected suggestions that his comments had betrayed the Irish people.

"I was very clear in the sense that I set in context what had happened here, why our country went over the edge," he said.

"When I was being asked questions at a global forum, about the days of the Celtic Tiger, and what had happened to our country, I gave an answer very clearly.

"In my State of the Nation address, I set out for you and for everyone else that it was not the people who were responsible for this crisis, and many people were seduced by banks into borrowing money … they were ill-able to afford."

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