US involvement in IMF bailout confirmed

//US involvement in IMF bailout confirmed

US involvement in IMF bailout confirmed

Olli Rehn says he will consider any request to testify once the banking inquiry begins Olli Rehn says he will consider any request to testify once the banking inquiry begins

The former EU finance commissioner, Olli Rehn, has confirmed that former US treasury secretary, Timothy Geithner, was involved in discussions that led to Ireland entering an EU-IMF bailout programme. 

American involvement in the bailout has been speculated upon, but has not been openly acknowledged before now. 

A new book on the late Brian Lenihan contains several accounts from contributors outlining a covert visit to Dublin by Mr Rehn in early November 2010 to discuss the Irish plan to correct the public finances.

The aim if the meeting was to avoid the need for a bailout programme.

Speaking on RTÉ’s Marian Finucane Show, Mr Rehn said he travelled from Dublin to the G20 summit in Seoul, South Korea.

However, he said, by the time he had arrived the decision for Ireland to enter into a formal bailout plan had already been made.

He said it is “both reasonable and useful that in Ireland a profound analysis of the crisis will be done”.

The Lenihan book also contains accounts from former minister Mary O’ Rourke and former tánaiste Ray Macsharry.

Speaking to RTÉ News Mary O’ Rourke accused Micheál Martin of not defending the late Mr Lenihan’s four year plan in political debate.

Ms O’ Rourke said she would love to hear Mr Martin acknowledge in the Dáil that everyone followed the plan Mr Lenihan laid down.

Mr Rehn says he will consider any request to testify once the banking inquiry begins.

The final terms of reference for the banking inquiry are expected to be debated in the Dáil and Seanad next month.


RTÉ News – News Headlines

By | 2014-09-28T05:27:45+00:00 September 28th, 2014|Headlines|0 Comments