Wed, 08 Apr, 2020
Fri, 30 Sep, 2016
Why was Finance Minister Michael Noonan’s evidence to the banking enquiry not given prior to Jean-Claude Trichet’s visit? It confirms the belief that Ireland was coerced by the ECB into breaking one of capitalism’s basic laws: bankruptcy.
Tue, 15 Sep, 2015
The IMF’s chief bailout official has accused the ECB of blocking an €8bn Irish plan to burn bondholders, putting its interests ahead of the country’s, and ultimately worsening the economic crash by forcing Ireland to “stand behind” the banks.
Fri, 11 Sep, 2015
The declaration by David Drumm, former chief executive of Anglo Irish Bank that he would deliberate to the banking inquiry by video link is an outrageous display of condescension and disrespect toward the Irish public and a mischievous instance of self-serving manipulation.
Thu, 30 Jul, 2015
Central Bank governor Patrick Honohan made his infamous RTÉ call confirming a bailout to quell “alarm”, despite claims it was to “undermine” the Government’s position and help a de facto ECB “financial coup d-état”.
Fri, 26 Jun, 2015
TWO sobering but illustrative events played out simultaneously yesterday. Each showed how powerless democratically elected, supposedly sovereign, governments can be in the face of unflinching international creditors or too-big-to-fail banks tottering towards collapse asking — demanding if you prefer — that they be rescued with public funds.
Fri, 19 Jun, 2015
IRELAND’S member of the European Court of Auditors Kevin Cardiff was in charge of the Department of Finance unit that had oversight of banks on that fateful, generation-defining and expensive night — September 29th/30th 2008, “guarantee night” as it has become known.
Tue, 16 Jun, 2015
It’s little wonder that the Government has not pressed harder against the ECB’s approach to the banking crisis. Both seem unable to accept that a mistake, once made, should be acknowledged, and that this does not have to represent a humiliating climbdown but rather evidence of a learning organisation.
Sat, 08 Nov, 2014
The publication yesterday of the utterly unambiguous November 2010 letter from the then ECB president Jean-Claude Trichet to then Minister for Finance, the late Brian Lenihan, shows how power is used and how real and pressing vulnerability — a country facing economic collapse and the chaos that would ensue could only be described in those terms — turns national politicians into supplicants rather than negotiators.
Fri, 07 Nov, 2014
The ECB has given a cool response to suggestions its officials should appear before the Oireachtas banking inquiry, whose members believe fresh questions have been raised with the release of correspondence from the height of the eurozone crisis.
Fri, 07 Nov, 2014