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Feisty Exchanges At Banking Enquiry

There's been feisty exchanges at the banking inquiry where former Taoiseach Brian Cowen's giving evidence. 

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He started his evidence with an apology for the hardship and distress caused by the policies that had to be implemented to deal with the financial crisis. 

In his opening statement he defended the bank guarantee saying the alternative was to set the country back 25 years. 

He's defended his role as Finance Minister in the years before the crisis, saying with the benefit of hindsight now of course some things should have been done differently. 

And he clashed with Joe Higgins who was accusing him of being a cheerleader for speculators

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