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See also: Lenihan blamed ECB for forcing Ireland into bailout (Eurointelligence)
Here is a story we have so far refrained from reporting, but since it continues to make headlines here is what happened: In an interview with BBC Radio 4 former finance minister Brian Lenihan had accused the ECB of bouncing Ireland into a bailout, some days before Easter. Lenihan accused members of the ECB executive of "betrayal" and also criticises some ECB governing board members for the "damaging" manner in which they briefed some media about Ireland, according to the Irish Examiner. In a comment for the Irish Independent Gary O'Callaghan now supports Lenihan in his claim, saying that the ECB board's public frustration triggered the bank run in Ireland. Perceived as electoral rhetoric, the ECB's reaction was calm, the Irish Times reports. Yesterday,  Jean-Claude Trichets dismissed again these claims saying that the facts prove that the ECB is siding with Ireland in the difficult circumstances.
(with links in the original)

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Mon May 9th, 2011 at 07:31:18 AM EST
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