David Murphy, the business editor of RTE, didn’t buy Cowen’s ‘we’re all right Jack’ speech.
In a strongly-worded analysis, he told viewers of RTE’s 6.00 pm news that the Irish have been deceived.
“In many cases you could say the Irish public were misled over the past few days. Essentially Ireland is on the brink of making one of the biggest decisions in the history of the state and Irish tax payers could be saddled with a lot more debt, potentially €80bn, simply to fix the banks.”
“That will have to be paid back plus interest. ..there hasn’t been full and frank information given to the citizens of this country about the communication between Europe and Ireland. Indeed the government may have exacerbated things by suggesting nothing was happening, when clearly the European Central Bank – which has €90bn tied up in banks here – is not one bit happy.”