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ECB Tried to Force Ireland Into Bailout, Minister Says - Bloomberg
ECB officials, who say they are politically independent, told Ireland on a Nov. 12 conference call that it should seek outside help to rescue its banks and contain a debt crisis, according to a person briefed on the discussion.
ECB President Jean-Claude Trichet said the bank can't afford to set its monetary policy to help individual countries.
Asked whether the ECB pushed Ireland into accepting a bailout, he told lawmakers in Brussels today that "we couldn't adjust our policy to take into account the situation of Ireland."
European Union officials "were leaking in the papers that Sunday, quite incredible pressure on this country," Ahern said today, adding that he won't stand in the next general election for personal reasons. An ECB spokesman declined to comment on his remarks.
An ECB spokesman declined to comment on his remarks.
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