Former ECB head Jean Claude Trichet: ‘I won’t be appearing in front of banking inquiry'
The former head of the European Central Bank Jean-Claude Trichet will not be appearing in front of the Oireachtas Banking Inquiry
Trichet was the ECB president during Ireland’s banking collapse and said he was against burning Anglo Bank bondholders.
In an interview with Newstalk this morning, he said the 2008 bank guarantee was a decision taken ‘without consultation’ by the Irish Government and he was 'told afterwards'.
Trichet said his absence from the banking inquiry is down to the ECB’s rules.
“If the rule was changed, I would apply the new rule,” he said. “All decisions are taken collectively by all members of the governing council and the responsibility of explaining decisions are in the hands of the governments.”