Daft Property - Irish Property News

Government still avoiding public inquiry into the economic crash... The Government coalition parties did not want a comprehensive public inquiry into the reasons for the banking and economic crash. Instead, they have ended up reluctantly endorsing no less than three mini-inquiries into aspects of the banks here that will, of course, be conducted largely in private. In January, Taoiseach Brian Cowen endorsed setting up two inquiries - one into the evident failures of the financial regulator in recent years and the reckless amounts of money advanced by the banks. The new broom at the central bank, the TCD academic Patrick Honohan, said he favoured a banking inquiry. Governor Honohan then set out to report on the huge failings of the reformed organisation he now leads. Separately, two outsiders, the German Klaus Regling and Englishman Max Watson, were appointed to investigate the reckless lending by the bankers. Messrs Regling and Watson reportedly talked to a clutch of Ireland's form