Saturday 21 April 2018

An unlikely champion has laid bare the failings of 'inexperienced' ECB

Colm Kelpie

Colm Kelpie

It went beyond its role and it lacked experience. That's Ajai Chopra's assessment of the European Central Bank's role in the run up to Ireland's entry into the bailout in 2010.

It's an extraordinary claim, and his intervention in the controversy over the so-called Trichet letters is one of the most strident so far. And it's all the more striking given the senior position he once held at the International Monetary Fund.

Mr Chopra was seen around the world as the public face of the Irish bailout.

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