Former ECB Head Bullied Ireland into Bailout: Trichet “Held a Loaded Gun to Their Heads”

The authoritarian and undemocratic nature of the European Union has once again reared its ugly head.

Former European Central Bank head Jean Claude Trichet – who stepped down in 2011 and is a Bilderberg Steering Committee member and sitting chairman of the European branch of the Trilateral Commission – refused to appear at a hearing after documents revealed his role in giving Ireland a bailout choice it couldn’t refuse:

EU bullyboy Jean Claude Trichet has snubbed calls to appear before the banking inquiry after damning letters confirmed the European Central Bank shoved Ireland into our crushing bailout.

The four letters, released after four years, revealed the ECB would pull emergency funding for Irish banks unless they accepted the €64billion bailout.

[…]

He said: “The threat to cut off liquidity from the Irish banks was in essence a threat to force Ireland out of the Euro.

“The Government was essentially left with no choice in the matter. I believe this threat was a clear breach of the obligations of the ECB to act in the interests of all the citizens that use the Euro, not least those of Ireland.

[...]

“Three years ago, Mr Trichet threatened the previous Government and the Irish people and held a loaded gun to their heads.

Even the famed movie don in The Godfather could hardly muscle a deal that big.

Those involved in the investigation are suggesting it is a dirty deal of the highest order in the interests of the dominance of the superstate:

Mr Ross said it proved Ireland was “the weakest country” that was “picked on first” by the powerful bank.

“It was an example of corporate bullying by a Central Bank of a democratically elected Government.”

http://www.shtfplan.com/headline-news/former-ecb-head-bullied-ireland-into-bailout-trichet-held-a-loaded-gun-to-their-heads_11062014