Archive for the ‘News’ Category

via the WSJ ‘The Great Irish Bank Heist’

It's often that we come across interesting articles for our readers, below is an example of one. We urge you to take the time to read it.
Five years later, the public still has no clear idea who was paid back for their bad bets on Ireland, or why, or what the stakes were. The European Central Bank last week released a series of letters between the ECB and the Irish government. Sent in the fall of 2010, the correspondence between Jean-Claude Trichet , then ECB president, and Brian Lenihan, Ireland’s finance minister at the time, confirms what had long been suspected: Ireland was forced into its EU bailout by the central bank.

by Brian M. Carney

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