Wednesday, August 28 15:14:05
Brian Cowen, who as Taoiseach oversaw the collapse of the economy and the hand-over of Irish sovereignty to the Troika, has admitted he ignored advice that the economy was on the brink.
Speaking on TG4, the ex-Fianna Fail leader, who now enjoys a E150k a year pension, said his government did not see the crash coming and that they had no 'Plan B' in place.
He made the comments in an interview during which he also said his party did not believe those who were warning of danger at the time of collapse.
He also told the 'Comhra' programme that he still stands over the disastrous decision to guarantee the bankrupt Irish banks.
He concedes that it is "very regrettable" that people were carrying the burden of the crisis - adding that he has a serious duty to accept responsibility for what happened and is doing that.
The Taoiseach who led a systemically corrupt and monumentally incompetent party said he stands over the State bank guarantee, saying that he had to put a stop to the billions of euro that were leaving the country. It is a move which left the taxpayer with a bill for E64 billion.