Case against ECB 'not proven' as Trichet mounts defence of Ireland's treatment
And that, m'Lud, is the case for the defence. It has to be admitted that in Ireland, we have generally heard the case for the prosecution when it comes to the European Central Bank (ECB). Yesterday, its former head Jean-Claude Trichet gave a spirited rebuttal of the charges against it.
Mr Trichet, of course, had refused to recognise the court. He insisted that the ECB answers only to the European Parliament and could not be questioned by national politicians. So we had a unique occasion where a planned address to the Institute for International and European Affairs (IIEA) doubled as a session of the Oireachtas Banking Inquiry.
It seemed to work quite well, even if it meant a long afternoon, as the IIEA went through its procedures alongside the TDs and senators on the inquiry.