Advertisement

Bank Guarantee - One of the most consequential decision taken by then coalition Government

15 Years ago one of the most consequential decisions was taken by the then coalition government led by Brian Cowan.  The Irish State would stand over all Irish banks - no matter how solvent they were.  It would lead to Irish taxpayers taking on the debt of the fully insolvent Anglo-Irish bank and nationalising the entire banking sector.  It also plunged the nation into its deepest-ever recession. We take a look at the Bank Guarantee with Aidan Donnelly from Davys and also Brian Hayes is the chief executive of the BPFI - before that, he was a minister in the FG government from 2011 but at the time of the guarantee was a finance spokesperson for the opposition.

Share this article

05.40 29 Sep 2023


Bank Guarantee - One of the most consequential decision taken by then coalition Government



Share this article

05.40 29 Sep 2023


15 Years ago one of the most consequential decisions was taken by the then coalition government led by Brian Cowan.  The Irish State would stand over all Irish banks - no matter how solvent they were.  It would lead to Irish taxpayers taking on the debt of the fully insolvent Anglo-Irish bank and nationalising the entire banking sector.  It also plunged the nation into its deepest-ever recession.

We take a look at the Bank Guarantee with Aidan Donnelly from Davys and also Brian Hayes is the chief executive of the BPFI - before that, he was a minister in the FG government from 2011 but at the time of the guarantee was a finance spokesperson for the opposition.


Read more about

Breakfast Business

Related Episodes

OFF THE BALL BREAKFAST: Mick O...

02:32:12

OFF THE BALL BREAKFAST: Mick O'Dwyer passes away, Daniel Wiffen, James Tracy on the Champions Cup, Conor Niland’s YHTBT

OTB Breakfast

02:32:12


PAUL SHANKEY & PHILLY RYAN...

00:12:57

PAUL SHANKEY & PHILLY RYAN | Munster Championship Launch | Off The Ball's Tommy Rooney

OTB GAA

00:12:57


MICK O'DWYER | From the OTB ar...

00:41:55

MICK O'DWYER | From the OTB archives

OTB GAA

00:41:55


Mary Byrne, Singer and Make A...

00:03:29

Mary Byrne, Singer and Make A Wish Ambassador

Newstalk Breakfast Highlights

00:03:29