Cowen denies 'overruling' Lenihan on bank guarantee

Brian Cowen has effectively denied "overruling" his minister for finance, Brian Lenihan, on the night of the guarantee.

Cowen denies 'overruling' Lenihan on bank guarantee

Brian Cowen has effectively denied "overruling" his minister for finance, Brian Lenihan, on the night of the guarantee.

The former Taoiseach says he and Mr Lenihan were "not being adversarial or confrontational" when they discussed their options in September 2008.

Mr Cowen has told the Banking Inquiry that Mr Lenihan wanted to nationalise Anglo, and only extend a bank guarantee to the other banks.

However, Mr Cowen said nationalising Anglo was too risky because it meant the State would permanently take over Anglo's liabilities, while a temporary bank guarantee carried lower risk.

more courts articles

DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers
UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules
Former prisoner given indefinite hospital order for killing Irishman in London Former prisoner given indefinite hospital order for killing Irishman in London

More in this section

Israel-Hamas conflict Trinity drops €200,000 fine against students’ union
Garda stock Garda hospitalised after being hit by car during armed incident in Dublin
Students with ADHD urged to fill prescriptions before exams due to shortages Students with ADHD urged to fill prescriptions before exams due to shortages
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited