Lenihan: Don't blame me for Cowen's mess ; Minister tries to wash his hands of economic crisis [Eire Region]

Daily MailJune 26, 2009

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Summary


BRIAN Lenihan yesterday tried to shift the blame for the economic mess on to the Taoiseach by saying he was not in Cabinet when the crucial mistakes were made.

The finance minister spoke out after a bleak report on the Irish economy was released by the International Monetary Fund. It blamed much of the downturn on the property bubble and a governmentspending splurge between 2005 and 2007.

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Extract


Lenihan: Don't blame me for Cowen's mess ; Minister tries to wash his hands of economic crisis [Eire Region]

The report said Ireland's banks face losses of E35billion by the end of 2010, the economy would shrink by 13.5 per cent between 2008 and 2010 and that unem-ploymenwould reach 520,000 nex...

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