ECB ‘bounced’ Ireland into deal

Minister for Justice Dermot Ahern has said officials from the European Central Bank tried to force Ireland into seeking a bailout before it had even been discussed at Cabinet.

Mr Ahern said “quite incredible pressure” was being applied to the country ahead of the IMF/EU meetings last week and the same thing is happening to Portugal now.

“There were people from outside this country who were trying to bounce us in, as a sovereign state, into making an application – throwing in the towel – before we had even considered it as a Government,” he told RTÉ Radio.

“If you notice they are doing the same with Portugal now because the fear [is] that Portugal will now cause contagion.”

Irish Times

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell