Irish Minister: ECB ‘Bounced’ Ireland Into Bailout!
- C’mon Irish Tigers: tell the banksters to piss off. They are making you pay for Illuminist banksters debts till the umpteenth generation. Why should your children, grand children, great grand children…. be made to pay for all these banksters’ debts? This is an engineered crisis to screw Ireland. To bring Ireland into debt servitude. It is simply conquest of Europe via fraudulent finance! Do yourself and your children a big favor: DEFAULT!
Irish Minister: ECB ‘Bounced’ Ireland Into Bailout
DUBLIN—The European Central Bank is putting pressure on Portugal to seek a financial rescue package just as it did in the run-up to Ireland’s bailout, Irish Justice Minister Dermot Ahern said Tuesday.
“There were people from outside this country who were trying to bounce us …into making an application—throwing in the towel before we had even considered it as a government,” Mr. Ahern said state broadcaster RTE Radio. “If you notice they are doing the same with Portugal now because they fear that Portugal will now cause contagion,” he added. When asked who “they” were, Mr. Ahern said they were “quite obviously” officials from the ECB.
Ireland on Sunday agreed to a €67.5 billion ($88.58 billion) financial aid package with the European Union and the International Monetary Fund. The U.K., Sweden and Denmark are providing bilateral loans as part of the package, while the Irish state will contribute an additional €17.5 billion from the National Pensions Reserve Fund.
Mr. Ahern said the European Central Bank’s effort to “bounce” the government into a decision occurred before the cabinet had discussed applying for aid formally or otherwise. He said the government wasn’t lying when it said it hadn’t made an application.
Ireland’s Prime Minister Brian Cowen and Finance Minister Brian Lenihan were heavily criticized by the opposition and the Irish public for denying the country was going to make an application to the European Union and International Monetary Fund for funds.
Speaking to state broadcaster RTE Radio, Mr. Ahern said there was “considerable pressure” for Ireland to give up its 12.5% corporation tax rate in the lead-up to the country agreeing to the rescue package.
The minister—who said he won’t be standing in the forthcoming general election early next year—also said he believed officials at the ECB were leaking information on plans for Ireland’s aid package, adding further pressure.
Sorry, the comment form is closed at this time.