Wed, 08 Apr, 2020
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
FINANCE Minister Michael Noonan and a former IMF deputy director Ajai Chopra yesterday confirmed what has been widely believed for many years — that “advice” offered by the European Central Bank to Ireland as our banks stumbled towards collapse was a thinly-disguised, take-it-or-leave-it ultimatum.
Fri, 11 Sep, 2015
The European Central Bank has pulled out of any involvement in the bank inquiry after public claims its comments could be used as evidence instead of an “informal exchange of views” — and private fears any participation could see it dragged before Greek politicians at a later date.
Mon, 07 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
Trickles of information are beginning to paint the picture of the causes of our enforced austerity which will be with us for generations to come. Just so we don’t forget: €200 billion in unsustainable debt with over €10 billion in interest payments alone year after year).
Wed, 17 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
Former taoiseach Brian Cowen “already had a preference” for a “broad” bank guarantee before the infamous September 29, 2008, meeting which led to the multi-billion euro deal — and overruled then finance minister Brian Lenihan’s concerns.
Mon, 15 Jun, 2015
THE haughty arrogance of Jean Claude Trichet, who last week snubbed Ireland’s banking inquiry and insisted that Oireachtas members attend upon him at his venue of choice, is trumped only by his gross insensitivity to the memory of the former finance minister, the late Brian Lenihan.
Tue, 05 May, 2015
The tone of the European Central Bank’s letter that was sent to Brian Lenihan is hardly surprising. What is surprising is that the ECB is going beyond its mandate of monetary policy to interfere in the fiscal policy of a sovereign nation.
Mon, 10 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
The chairman of the planned banking inquiry, Ciarán Lynch, has said it is "disappointing" that former ECB president Jean Claude Trichet has made public statements that he would not be giving evidence at the hearings.
Tue, 03 Jun, 2014