A Fine Gael MEP says a decision on when to release an infamous letter from the former head of the European Central Bank just before the Irish bailout four years ago will be made next week.
Seán Kelly says he's received assurances from the bank that the document will be released publicly.
The letter from Jean Claude Trichet to then Finance Min B L was sent in November 2010 – just before we entered the Troika bailout.
It's been suggested that the then ECB chief warned that if Ireland didn't enter the bailout, emergency funds to our banks would be cut off.
Up to now the ECB's refused to release the letter, but appeared to climb-down and say it could be released after the stress tests on banks were completed – this happened at the weekend.
Fine Gael MEP Seán Kelly says he now has an assurance from the ECB that the letter will be released and that the Governing council will decide when to release it at their next meeting which is next week on November 6th.
The document is likely to be central to the Oireachtas Banking Inquiry though Finance Minister Michael Noonan told the Dáil earlier this year that people would be disappointed when they see it.
