European Central Bank formally declines to participate in Banking Inquiry – TheLiberal.ie – Our News, Your Views

European Central Bank formally declines to participate in Banking Inquiry




EZB behaelt sich Kauf von Staatsanleihen vor

 

 

The European Central Bank have released a statement officially declining to partake in the upcoming Oireachtas Banking Inquiry in any way, shape, or form.

It would not be ‘appropriate’, they said.

Recently released correspondence between the then ECB president Jean Claude Trichet and the late Brian Lenihan revealed that back in 2010, the ECB did indeed find it blithely appropriate to peddle ‘bailout’ money on Ireland, pretty much on a ‘do or die’ deal. They even sent enforcers, the Troika, to oversee compliance.

Once their blood money flowed and we were on the hook, all they had to do was lay back and wait for the appropriate time to get their bailout payments back from the Irish people, one at a time, with interest.

But in a letter today, current ECB president Mario Draghi has confirmed that the ECB only answers to a higher authority, the European Parliament, and not local Governments, not even those whom they appropriately extorted money from.

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