The decision not to burn senior bondholders has been proven right, the European Commission has said, confirming it agreed with the ECB’s decision at the time of Ireland’s €62bn bailout.

A senior European Commission official has denied the commission, as member of the Troika, tried to “manoeuvre, push or threaten” Ireland to accept the November 2010 bailout, despite arguing the controversial move was “inevitable”.

The troika shot down any prospect of Ireland burning the bondholders in late-2010 and warned such a move would cancel any possibility of a future bailout, a senior Government adviser during the crisis has confirmed.

The head of the EU’s Economic and Financial Affairs has denied the group ever explicitly told Ireland that no bank should be allowed fail despite a long-standing belief this was the reason why Anglo Irish was bailed out.

Ireland effectively told the European Commission "don't bother us" when it was warned the economy was at grave risk of overheating seven years before its eventual nosedive, a top EC chief has said.