The Great Irish Bank Heist

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The European Central Bank final week expelled a array of letters between a ECB and a Irish government. Sent in a tumble of 2010, a association between Jean-Claude Trichet, afterwards ECB president, and Brian Lenihan, Ireland’s financial apportion during a time, confirms what had prolonged been suspected: Ireland was forced into a EU bailout by a executive bank.

Specifically, Mr. Trichet threatened in a minute antiquated Nov. 19, 2010, to devaluate a credit lines of Ireland’s banks unless a supervision concluded to (1) ask a…

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