Ex-Allied Irish chairman sheds light on controversial guarantee

April 23, 2015 11:29 AM

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DUBLIN, April 23 (Reuters) - Allied Irish Banks (AIB) did not seek a guarantee on all bank liabilities in 2008 and had assumed the government was instead set to dismantle other "irretrievably broken" lenders, former chairman Dermot Gleeson said on Thursday.

Ireland tied its fate to its financial sector in the early hours of Sept. 30, 2008, when it issued a blanket guarantee, the discussions behind which have not been fully disclosed and will form a key part of a parliamentary inquiry that has entered its most politically-sensitive stage.

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