In part two of a three-part series on Brian Cowen’s ill-fated 2008-2011 government, Pat Leahy and Hugh Linehan continue the story.

After the fateful 2008 decision to bail out Ireland’s banks, Cowen and his Minister for Finance Brian Lenihan spent the next year struggling to shore up Ireland’s worsening finances.

Throughout 2009 and 2010 the mood in the country darkened as recession bit. Spending cuts and tax rises were introduced in a series of hair-shirt budgets.

As a result, confidence in the government was already on the floor when Cowen made an infamous appearance on Morning Ireland in September 2009. But what did Cowen actually say in the interview, and what impact did it have?