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Irish Independent
5 Years On
The Bank Guarantee on the front pages
Take yourself back five years.
THIS DAY FIVE years ago, the front pages of the world’s newspapers were dominated by one issue – the global economy.
Before the Brian Cowen-led government decided to bailout Ireland’s six main financial institutions on 30 September 2008, Wall Street witnessed ‘Meltdown Monday’ which pushed the Irish banks further into crisis.
But on this day in 2008, journalists tried to explain to the public what the hell it all meant. Coming to terms with a whole new financial lexicon, we read about subordinate debt and senior bonds.
Over the weekend, we brought you an oral history of the weeks leading up to the decision. To accompany that timeline, here is a snapshot of what we were reading, once the move was made:
Irish Independent, Tuesday 30 September
The Irish Times, Tuesday 30 September
The Guardian, Tuesday 30 September
Chicago Tribune, Tuesday 30 September
AM NY, Tuesday 30 September
The Evening Herald, Tuesday 30 September
Irish Independent, Wednesday 1 October
The Irish Times, Wednesday 1 October
The Irish Times, Thursday 2 October
Irish Independent, Friday 3 October
The Irish Times, Friday 3 October
Irish Independent, Saturday 4 October
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