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Trichet Exclusive: "Trichet Letters" and Ireland's bailout

Wednesday, October 10, 2012 - 02:37

Oct. 10 - Ex-ECB chief Jean-Claude Trichet plays down his correspondence he with the Dublin - the so-called ''Trichet Letters'' - in the run-up to Ireland asking for a bailout in late 2010.

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Spanish banks and the hot neither of the eurozone crisis a couple of years ago when -- Patricia was president of the ECB. It was I don't spikes mr. trichet. Joins me now. And don't appreciate it do you agree with the viewed the widely held perception astonished banks are getting easier terms. From their bailout and I was Plaxico. I would not to engage you in such comparison person he. I think these where difficult circumstances. Significant period a year at a time. -- -- crisis in which was in forty and and I would not again engage in these comparisons what or what they would say is that today we certainly need. Always rotations and decisions which have been taken to be implement. But it's not as banks. When we see the so called trichet. Lets us. Correspondence between yourself under then finance Minnesota violent. Mr. Lennon. Just before Ireland was forced to accept -- -- Do you think we will see them the published anytime soon. I had an adult of consultation with the Irish government heard a lot of compensation. We've all we've gone out or governments of your permanent -- kind of language he's always the same and this thing to -- all of them. You have to. Be as sound. As possible because circumstances. Exceptionally -- Of course not aware of the strength of feeling with an -- The fact that the ECB. You yourself that could you have to get it is that the pressure on the LCD. Had probably. The -- for island in terms of finance he moved he could in the movement for in other economy in do you. And perhaps more than -- sort -- thankful and you could so I would not enabling more to gain I know you can't -- On the government. But you do understand the depth of feeling what's in -- come -- on this issue. A game that we have a situation which is it difficult situation is they said never easy. Nevertheless of course they're out there I've been in the past. Decisions or options of decision -- what I -- want to commend. -- who -- position as always because that -- But we keep trying won't. Movement calling you couldn't.

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Trichet Exclusive: "Trichet Letters" and Ireland's bailout

Wednesday, October 10, 2012 - 02:37