Sunday May 31, 2020

Boardroom: Ireland was the fall guy in ECB bailout deal

The communication between Brian Lenihan and Jean-Claude Trichet in the run-up to the bailout came in a series of calls and letters, not just one "killer" document

1st September, 2012
The revelations do not reflect well on the ECB, in terms of its dealings with a sovereign country.

So now, the mist is beginning to clear. I understood after discussions this week that the communication between former finance minister Brian Lenihan and former ECB president Jean Claude Trichet in the run up to the bailout came in a series of calls and letters, not just one "killer" document. More detail emerged in yesterday's Irish Times though some of the story, including what passed verbally between the ECB and Ireland, may never be fully...

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