Wednesday 13 December 2017

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

DANIEL McCONNELL Chief Reporter

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.

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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