What is truth?

 

sent into us to day

Thomas,
This  information just released shows that Brian Lenihan was coerced into accepting the Troika deal……. he did not know what he was doing … there was no script….. The letter mentioned is attached ……

Irish Times, Dublin, 24th. October 2012.

The Department of Finance has released a letter written in November  2010 by the late minister for finance Brian Lenihan in which he  requested financial assistance for Ireland from the EU-ECB-IMF  troika.

In the letter, Mr Lenihan formally applied on behalf of the Irish  authorities for financial assistance “in the context of a joint EU-IMF  programme”.

A copy of Mr Lenihan’s letter was released to journalist Gavin Sheridan of thestory.ie following a freedom of information request to the Department of Finance.

“The external assistance sought is made under the terms of the European  Financial Stabilisation Mechanism, the European Financial Stability  Facility and the IMF assistance programme,” Mr Lenihan wrote in the  letter, dated November 21st, 2010.

“I welcome the statement by the Eurogroup and Ecofin ministers which concurred with the EU Commission  and the ECB that providing assistance to Ireland is warranted to  safeguard financial stability in the EU and in the euro area.

“The Irish authorities will co-operate fully in the preparation of the joint EU-IMF programme of assistance to the Irish State that will now be  required to be developed,” Mr Lenihan wrote.

The Irish Times revealed last month that three letters from the then president of the European Central Bank Jean-Claude Trichet to  Mr Lenihan culminated in an insistence that Ireland should apply for a  bailout or risk the country’s banks being cut off from access to  support.

Mr Trichet made it clear to Mr Lenihan the governing  council of the ECB was becoming fearful that the whole European banking  system was being put at risk by the drain on its resources coming from  the Irish banks.

letter-from-then-minister-for-finance-brian

 

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