Thursday July 16, 2020

The Trichet letters

Sean Whelan: Money talks, and the guys who print the money talk loudest

23rd December, 2014

We all like the idea of firm and decisive action – except when it happens to us. And it did happen to us. The release of the Trichet-Lenihan correspondence shows us in four snapshots the evolution of the crisis that tipped Ireland into a bailout programme.

Much has been made of the November 19 letter, and its demand that Ireland make fiscal and structural reforms within a troika-funded programme, in return for continued European Central...

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