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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