Justice Minister Frances Fitzgerald has said that the this letter serves as a "cold, stark reminder of where this country has come from".
She said that the contents of the letter also serve as a reminder of "the job that this country has managed to do in terms of turning the economy around".
"[It] is going to be extremely helpful in terms of the independent banking enquiry," Minister Fitzgerald said.
She was speaking at the 23rd annual ICTR conference in the capital this morning.
"What I would say is that anything that adds to the transparency and the detail of what happened is where we need to be going."
Speaking this morning, Public Expenditure and Reform Minister Brendan Howlin said the letters would come as a shock to people.
“The content I heard on Morning Ireland this morning will come as a shock to many people, and certainly on our interactions with the ECB on coming into government, we understand the sorts of demands and pressures that they put us under at that time."
NICE timing, Frankfurt. The ECB promised, sort of, to slip that infamous letter from Jean Claude Trichet through the letter box; causing such excitement that hardly anyone noticed the postman himself had come crashing through the door.