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Everyone’s talking about…
Jean Claude Trichet will be in Dublin today, where he’ll face questions from the banking inquiry.
The former European Central Bank (ECB) president won’t be making his way to Leinster House, however, as the banking committee goes on a tour of sorts.
Trichet will answer questions from committee members after a lecture at the Institute of International and European Affairs at the Royal Hospital in Kilmainham at 2.30pm.
He was in charge of the ECB when Ireland introduced the bank guarantee and entered the Troika’s bailout programme.
Committee members will have two 45-minute sessions in which to question Trichet.
Speaking on Morning Ireland, Labour Senator Susan O’Keeffe said the situation wasn’t ideal but noted that members were happy a compromise had been reached, as this approach was better than nothing and the committee didn’t want “to cut of its nose to spite its face”.
Trichet will no doubt be asked why taxpayers had to repay bondholders owed money by some Irish banks which were being liquidated.
This is a significant day for the inquiry, but whether or not Trichet will say anything new remains to be seen.
The agenda
What the others are saying
Inside Leinster House
Labour TDs are set to come under pressure to support another bill to repeal the 8th amendment.
In case you missed it
On the Twitter machine
This Fianna Fáil Senator isn’t too optimistic about the Trichet meeting.
Thomas Byrne / TwitterI sincerely hope the meeting with Trichet works, but the running order is a humiliation for a national parliament #bankinginquiry
— Thomas Byrne (@ThomasByrneTD) April 30, 2015
Originally published: 9am
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Great, 84 new real estate agents.
I’ll cross my fingers for them as I believe the Central Bank just strangled their golden goose.
The main problem we have is the amount of money being taken out of our economy to service a debt run up by irresponsible banks, both here and abroad. Until that problem is tackled there just isn’t enough money in our economy for real sustained growth for indigenous businesses. I’ve only stayed in business because I did not have huge loans to service and I was able to keep my overheads low. Ive seen plenty of good businesses go under because they can no longer sustain the overheads imposed by landlords & councils that still work on tiger prices.
Michael,
The banks were less than half the problem. The collapse of govt revenue and inability to cut the servicing of public services quickly to match revenue was just as big a problem
That’s true James.
Isn’t that it will “beat all predictions” a prediction, meaning that it can never actually beat all predictions?
Another flash in the pan.
have your say