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:
'10. Overwhelming consensus ... certainly overwhelming consensus in the ECB. So, no particular instruction. It went without saying. It was considered that it would be a very bad move, and I'm saying that for the tenth time. And that being said, the Government of Ireland could take any decision it wanted to take, and it could've said, "No, finally, I don't want the loans coming from Europe, or I don't want the loans coming from the IMF, or I don't want ... this and that." I mean, let's not forget ... and until now, the Government of Ireland took always full responsibility for what it has been doing, and that is why Ireland signature is as good as it is. And you have other examples which are exactly the reverse and you could see also the consequences on the quality of the signature.
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