Regling tells Banking Inquiry: Official policies could have cushioned recession
Ireland's financial collapse was the fault of bankers, the IMF, the EU, regulators, politicians and auditors, according to the man who is now in charge of the Eurozone's bailout fund.
Klaus Regling is giving evidence this morning at the Oireachtas Banking Inquiry.
He says the Government could have ensured a soft landing for the property market, but missed its chance.
He said: "Policies could have moderated the boom and cushioned the recession.
"With a different official policy mix, perhaps a soft landing would have been possible.
"But instead, official policies and banking practices added fuel to the fire."
