Fianna Fáil call on government to publish ECB letter

Fianna Fáil call on government to publish ECB letter

Opposition parties are calling for the immediate publication of a European Central Bank letter - allegedly threatening Ireland into a bailout.

The correspondence was sent to the then government just days before the country signed up to the Troika rescue deal in November 2010.

The Finance Minister Michael Noonan has indicated that he favours releasing the document to whatever banking inquiry is established in the future.

However Fianna Fáil's Michael McGrath says there is nothing preventing the government from publishing the contents of the letter now.

"In my view, the minister is free to go ahead and publish that letter immediately.

"I think it is important for the public records and for everybody to see the influence that is being exerted by the ECB in a threatening way.

"The content of it would certainly help Ireland in our negotiations to get a better deal on bank debt over the next two months."


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