Thursday 8 December 2016

ECB's fat cats talk tough from their €1bn house of pain

DANIEL McCONNELL Chief Reporter

Published 17/04/2011 | 05:00

LAST week, the chiefs at the European Central Bank (ECB) told Irish taxpayers that we must accept the burden of the bank debt without complaint -- we must simply accept that the crisis was all our fault.

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But it is easy to do that when you are riding high on the vast European gravy train.

While enforcing real pain on Irish taxpayers since 2008, ECB President Jean-Claude Trichet and his five fellow board members shared a salary pot of €1.7m in 2009 and an expenses pot of €614,879. They have also splashed out almost €1bn on a sparkling new headquarters for themselves, complete with gym -- because they're worth it, don't you know.

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