Thursday February 27, 2020

The PwC files revealed

Tom Lyons In 2008, the government instructed PwC to examine the state of Ireland’s banks. The report has since remained secret. Until now

14th March, 2015
6
Tom Lyons

Two days after receiving a secret report called Project Atlas from accountants PwC, Brian Cowen, the then taoiseach, was in confident form in the Dáil. He told his fellow politicians and the world on November 19, 2008 that Irish banks’ capital levels would remain above regulatory thresholds for the next three years.This was the same period that covered the life of his government’s decision to guarantee its toxic banks.

“The report...

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