Board ROOM - Inside business

Just who writes the scripts at the ECB?

16th April, 2011

The European Central Bank is clearly furious with Ireland. But if it wants to launch attacks, it would need to do better than the exceptionally curious piece by European Central Bank board member Lorenzo Bini Smaghi in last Wednesday’s Financial Times.

The headline – ‘Ireland’s taxpayers must take their share of the pain’ – appeared a fair representation of what Bini Smaghi was concluding, but how he got there was another matter....

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