Gormley says no link between bank guarantee and bailout

There is no evidence to link the EU-IMF bailout to the bank guarantee.

That is according to the former leader of the Green Party, John Gormley.

Mr Gormley has given evidence to the Banking Inquiry, he said that an unfair narrative has emerged that the Green Party were clueless as to the state's financial position.

He said that this narrative is not fair - and nor is it fair to make a direct link between the bailout, and the guarantee two years earlier.

"I believe that the seeds of our distruction were sown before 2007, and we had no choice in relation to the guarantee," said Mr Gormley.