ECB publishes letters between Trichet and Irish government

Jean-Claude Trichet

The European Central Bank threatened to withhold emergency liquidity assistance (ELA) from Irish banks in November 2010 unless the country asked for a bailout, letters from then president Jean-Claude Trichet show.

Writing on November 19 to Brian Lenihan, the Irish finance minister at the time, Trichet listed a host of conditions the country would need to meet for the governing council to authorise any further ELA – including that the Irish government "send a request for financial support to the

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