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Colm McCarthy: Ireland's grievance over ECB tactics is totally justified

The European Central Bank's executive board member Jorg Asmussen visited Dublin last Thursday and expressed confidence in Ireland's prospects of an exit on schedule from the EU/IMF programme and a successful return to the bond market next year.

He also addressed the question of Ireland's relations with the ECB, revealing a refreshing awareness that the ECB's Irish fan club is not extensive. The principal reason for this state of affairs is that certain of the ECB's discretionary actions are perceived in Ireland as inimical to the outcome he professes to desire, namely an early return to the markets.

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