Banks were not bailed out following 2008 financial crisis, Taoiseach claims

Must credit: Dail Eireann Taoiseach Micheal Martin has claimed the banks were not bailed out following the 2008 financial crisis. In 2010, Irish banks were given upwards of 64 billion euro in State liquidity, borrowed from the European Union and the International Monetary Fund (IMF). The figure, then equal to 40% of Ireland’s economy, will continue to be paid for generations to come. Mr Martin shocked the Opposition benches on Wednesday when he denied what took place was a bailout.