Oireachtas Joint and Select Committees
Thursday, 30 April 2015
Committee of Inquiry into the Banking Crisis
Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
Mr. Jean-Claude Trichet:
I mean, again, I did not provide particular advice on the situation in '08 because there was dramatic advice across the board for all nations, all governments. We were not kept abreast of any development in Dublin by the Irish authorities, and as regards the guarantee, we learned the guarantee through the media. So that was the situation. I don't blame anybody, I don't blame anybody. You have to understand that Ireland was one of the ships in a terribly agitated sea or ocean where, you know, everybody could sink, and the decisions were taken, again, at a global level. My main responsibility was to discuss with Ben Bernanke to see what we could do at the global level in order to avoid the drama.
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