Banking Inquiry week 14: Trichet’s mantra: it’s all in the Lenihan letters

The ECB’s former head blamed the Irish banks for the banking crisis when he took questions from members of the inquiry

Jean-Claude Trichet at the Royal Hospital in KilmainhamFeargal Ward
Jean-Claude Trichet at the Royal Hospital in KilmainhamFeargal Ward

It would be utterly wrong to say Jean-Claude Trichet was in denial at his lecture-cum-committee testimony at the Royal Hospital Kilmainham. But he sure was doing a lot of denying.

His line was simple and clear – everything I had to say about Ireland and the bailout I said in the exchange of letters with Brian Lenihan in November 2010. Everything else was just hearsay, or ...