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Irish Independent
5 Years On

The Bank Guarantee on the front pages

Take yourself back five years.
6.30am, 1 Oct 2013
6.6k
21

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:

The Bank Guarantee on the front pages
1 / 12

  • 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

30 Days in September: An Oral History of the Bank Guarantee

Explainer: What was the Bank Guarantee?

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Author
Sinead O'Carroll
sinead@thejournal.ie
@SineadOCarroll
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