'Ultimatums are not the way to do business': Key IMF figure criticises Trichet letters
Ajai Chopra claimed the ECB “went beyond its mandate” in letters sent by Jean-Claude Trichet to Brian Lenihan.
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Ajai Chopra claimed the ECB “went beyond its mandate” in letters sent by Jean-Claude Trichet to Brian Lenihan.
TDs and senators who questioned the ex-ECB boss were like schoolchildren being summoned to their master, she said.
Analysis: The former ECB head was robust and defiant and views the crisis somewhat differently.
The former ECB president has been answering questions from members of the banking inquiry today.
Jean Claude Trichet: Frenchman, banker, gadget enthusiast.
But he stressed that the ECB would have to be consulted.
The European Parliament has voted in favour of a motion calling for the publishing of the letter.
The ECB’s monthly meeting today is the latest before Jean-Claude Trichet hands over the reins at the European Central Bank.
The ECB president has some kind words, as the main ECB interest rate remains unchanged – and could even be lowered soon.
The only candidate for the post has been officially appointed Trichet’s successor.