Wednesday January 22, 2020

Regling: Ireland was a country 'where no one was really in charge'

21st January, 2015

Klaus Regling, a co-author of the preliminary report into the banking crisis, has told the Banking Inquiry this morning that Ireland was “a country where it seemed no one was really in charge” to prevent the property bubble which eventually burst.

Regling told the committee that a combination of “global and domestic factors” made Ireland one of the worst-affected countries during the global financial crisis.

He criticised Ireland’s cultural attitude to...

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