Bank Panic Is All Joe Duffy's Fault ; Global Finance Houses Crashing, Shares in Freefall... But Lenihan Attacks Liveline

Summary


IS THE fear stalking the world of Irish finance the result of global turbulence - or the fault of Joe Duffy's Liveline show?

Critics were last night queueing up to attack Finance Minister Brian Lenihan after he phoned RTE chiefs to complain that Liveline sparked an unprecedented withdrawal of cash from Irish banks.

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Extract


Bank Panic Is All Joe Duffy's Fault ; Global Finance Houses Crashing, Shares in Freefall... But Lenihan Attacks Liveline

As much as e50million was paid into An Post's State- guaranteed savings accounts in one 24-hour period following Mr Duffy's broadcast on Thursday afternoon.

Some callers to Liveline said they were withdrawing large sums as cash and walk...

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