Former ECB Head Bullied Ireland into Bailout: Trichet “Held a Loaded Gun to Their Heads”
Mac Slavo
November 6th, 2014
SHTFplan.com
The authoritarian and undemocratic nature of the European Union has once again reared its ugly head.
Former European Central Bank head Jean Claude Trichet – who stepped down in 2011 and is a Bilderberg Steering Committee member and sitting chairman of the European branch of the Trilateral Commission – refused to appear at a hearing after documents revealed his role in giving Ireland a bailout choice it couldn’t refuse:
EU bullyboy Jean Claude Trichet has snubbed calls to appear before the banking inquiry after damning letters confirmed the European Central Bank shoved Ireland into our crushing bailout.
The four letters, released after four years, revealed the ECB would pull emergency funding for Irish banks unless they accepted the €64billion bailout.
[…]
He said: “The threat to cut off liquidity from the Irish banks was in essence a threat to force Ireland out of the Euro.
“The Government was essentially left with no choice in the matter. I believe this threat was a clear breach of the obligations of the ECB to act in the interests of all the citizens that use the Euro, not least those of Ireland.
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