The bank bailout was far from democratic

A. Leavy’s letter (Irish Examiner, December 31) ends with the point that the ECB came to the aid of this country when it was bankrupted.

It must be remembered that one of the most shameful episodes in the history of the European Union involved the ECB and the Irish people when a president of the European Central Bank telephoned the Minister for Finance of this country and told him that if the Irish Government did not protect private investors in a bankrupt Irish bank “a bomb would go off in Dublin”.

Those were the words of the Minister at the bank inquiry.