The European Commission And The ECB Are Acting As Ireland’s Joint Receivers, Columnist Says

The Open Europe Press Summary of October 25, 2010 relates that columnist Matt Cooper of the UK’s Irish Edition of the Sunday Times  argues: “The European Commission and European Central Bank, ECB, are already acting as joint receivers, calling the shots on running the country’s finances.”

Commentary: Matt Cooper is relating that Ireland is bankrupt, it is no longer a sovereign nation state, it no longer has any sovereign debt seigniorage, the ECB is acting as seignior, that is as its monetary seignior, replacing the Irish Central Bank, and that the nation no longer has a Treasury. 

 

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