The ECB's Secret Letter to Ireland: Some Questions - Forbes: These communications raise a number of questions:
Did the ECB communicate with Brian Lenihan on November 12, 2010? If so, why was this letter not referred to in response to Mr. Sheridan’s request?
Did the ECB threaten to withdraw funding from Irish banks unless Ireland entered an EU-IMF program, either in a letter dated November 12 or in meetings the following weekend?
What are the contents of the November 19 letter and why is this letter considered so sensitive given that it was clear to all after Governor Honohan’s remarks on November 18 that a bailout deal was being concluded?
I believe the Irish and wider European public deserve a better explanation of the events of November 2010 from the ECB. The public release of all communications from Mr. Trichet to Minister Lenihan should be part of this explanation.?
Thursday, August 23, 2012
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