05.09.2012 - 16:35 [ Irish Times ]

Letters show extent of pressure put on Lenihan for bailout

(01.09.) THE EXTENT of the pressure put on Ireland by the European Central Bank to apply for a bailout in November 2010 has been revealed in letters seen by The Irish Times.

The three letters from the then president of the European Central Bank Jean-Claude Trichet to the late Brian Lenihan culminated in an insistence that Ireland should apply for a bailout or risk the country’s banks being cut off from access to support.