The good, the bad, and the state's bank guarantee scheme
The Labour Party didn't vote against the 2008 Credit Institutions (Financial Support) Bill, which legislated for the bank guarantee, because it opposed the guarantee or even its scope. By Vincent Browne.
Four years ago this month, the Dáil debated and then endorsed the bank guarantee scheme, which has cost this society at least €64 billion.
The current government is spending a large part of its time trying to persuade our EU partners to help us undo the damage the guarantee did to us.