Let Me Tell You: Series 2 Ep 2 — Remembering when Ireland teetered on the economic cliff edge
Brendan Howlin revealed how Ireland nearly ditched the euro and reverted to printing the punt. Picture: Sam Boal/Rollingnews.ie
In late 2015, then-Taoiseach Enda Kenny caused something of a stir when he claimed that he was warned to have the army on standby in order to prevent a run on the banks in 2012 amid concerns over the stability of the euro currency.
Speaking in Madrid, Mr Kenny said: “The Governor of the Central Bank in Ireland said to me, ‘It looks like this weekend ... you’ll have to put army around the banks and around the ATM machines and introduce capital controls like they had in Cyprus’. So we’ve pulled back from that brink.”
