Trichet regrets nothing about ECB ‘advice’ during crisis

The Oireachtas banking inquiry did not sit in the Royal Hospital Kilmainham yesterday. It did not hear from a witness by the name of Jean Claude Trichet, the former head of the European Central Bank (ECB).

At times, the event looked like, walked like, and quacked like a banking inquiry, but it most definitely was not the real thing. To suggest otherwise would be to offend our economic overlords in Frankfurt.

The process by which Mr Trichet submitted to questioning from members of the banking inquiry was one further indication of the subservient role of this country in the architecture of the single European currency.