ECB stays tight-lipped over move to advisers on Irish banks

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ECB stays tight-lipped over move to hire advisers on Irish banks - Emmet Oliver → independent.ie/business/euro … 27315.html

The European Central Bank (ECB) has refused to comment on why it seeking to hire advisers to examine its large exposures to the Irish banking system.
The Frankfurt-based organisation is believed to be talking to several advisory firms with the intention of appointing one of them to advise it about the future of the Irish banking system.
Rothschild and Lazard, both of which have long associations with the bond market, are believed to be front-runners for the contract.
Irish banks currently have €103bn of loans with the ECB, while the Irish Central Bank has lent €55.6bn, backed up by a letter of comfort from the Department of Finance.

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