Daily Archives: June 28, 2013

Merkel speaks at the post-EU summit press conference where she chided Anglo Irish bankers

The explosive disclosure of audio tapes capturing phone conversations of executives at the failed Anglo Irish Bank, which appear to show a strategy to win government bailout money by exaggerating the bank’s financial health, have up until now largely been a domestic political scandal confined to Ireland.

But revelations that one executive, the then-head of the bank’s capital markets operations, sang the Nazi-era version of the German national anthem when he learned the bank had won funding from Germany brought a stern rebuke from Angela Merkel early Thursday morning after Irish Times Berlin correspondent Derek Scally asked her about it at a post-EU summit press conference.

“I cannot but express my contempt at this,” Merkel said. Here are her complete remarks on the topic:

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