Ireland's Hurley justifies 100% guarantee

John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, has defended Dublin's pledge to guarantee all deposits in its six biggest lenders.

The pledge, which the Irish parliament passed into law on Thursday night, has incurred the wrath of many in Brussels, who believe the guarantee contravenes EU rules on state aid and threatens the stability of banking systems in other countries.

But Hurley said on Friday that deteriorating global financial conditions had m

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: