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:
So the idea... the question is, whether a decision was taken by, I don't know whom .... governments in the occasion of the G20 or the Central Bank. I mean it is clear, the sentiment of the Central Bank Governing Council is clear, and you have the succession of letters. A first letter, a response by Brian, second letter and if I am not misled, a response by Brian. So you see exactly what was the position I was expressing always on behalf of the Governing Council. And that has nothing to do with any meeting with bodies or persons, I don't know. I only can say that it was clear that without embarking on a clear-cut plan that would improve credibility of the signature of Ireland, would have been probably impossible to get back to the success we can.... we can see now. And my own, you know, sentiment, the sentiment of the Governing Council is absolutely clear in the letter and I am very happy that there has been a letter because otherwise we would discuss ... you know leaks coming from beyond there.
As regards the collaborators of the ECB, I don't imagine for one second that there would have been any press briefing on what Ireland should ... should do or not do, it is not the way the ECB operates and I would... I have absolutely no memory of anything which would look like that and it doesn't seem to me that Brian had told me that. Brian told other things, he was not happy at all, as we know, with other things and particularly with the Deauville agreement in particular. But for what you have said, again I have nothing to add to what I said myself in writing.
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