Sunday February 23, 2020

COMMENT: The ECB letters up Noonan's sleeve

What exactly was the ECB's role in pushing Ireland into a bailout in November 2010? It may be time to remind the ECB just what exactly is in the files in Merrion St, writes Cliff Taylor.

27th August, 2012
There are important issues about the role of the ECB and whether it had any right to be communicating with a member state in this manner, writes CLiff Taylor.

What exactly was the ECB's role in pushing Ireland into a bailout in November 2010? Quite significant, it would appear, with the ECB also having a key role in setting the terms of the bailout, specifically that even at that stage Ireland would be forced to repay all the senior unguaranteed bank bondholders still outstanding.

Fresh questions are now being raised about this, with Finance Minister Michael Noonan saying that he was in favour of releasing...

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