In a dramatic turn on Wednesday,   the Banking Inquiry  adjourned to take legal advice after Charlie  McCreevy sidestepped Pearse  Doherty’s question on five occasions about whether Ireland had experienced a property bubble. File photograph: Frank Miller/The Irish Times

Former finance minister Charlie McCreevy was threatened with criminal sanction by the Oireachtas Banking Inquiry on Wednesday after failing to answer (...)

European Central Bank (ECB) president Mario Draghi said today that when the controversial ’Trichet’ letters were sent, the ECB was providing liquidity to the Irish banking system equivalent to 85 per cent of Irish GDP.  Photograph: Eric Vidal/Reuters

European Central Bank (ECB) president Mario Draghi has said the ECB will not formally participate in the Oireachtas Banking Inquiry, as he defended th(...)