How the 2008 crisis inexorably unfolded

Briefing documents by officials in the Department of Finance from early 2008 onward give fascinating insights into how preparations were being made to cope with a banking crisis

17th July, 2010
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As far back as February 2008 - a month before the chaos on St Patrick’s Day that saw Anglo Irish Bank’s share price collapse - officials in the Department of Finance were mulling ways to cope with the sudden onset of a banking crisis.

The briefing documents published on Friday reveal that the department had identified the importance of contingency planning and had already set out broad principles for...

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