Wednesday, December 14, 2016

Irish President in monetary policy outrage

The Financial Times spends a few hours in the official residence with President Michael D. Higgins --

He lambasts the European Central Bank, which some Irish people believe — often against the available evidence — to be the cause of Ireland’s recent brush with the financial abyss. “I’m not supposed to have an opinion about the ECB, but how could you not, given that it is one of the world’s most important institutions?” he ventures. “How did it ever come to be? How did France ever allow it? The French thought it could be [operationally] in Frankfurt and that its intellectual apparatus would come from the grandes ├ęcoles. Well, that has been blown apart.”

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