The former head of the European Central Bank has denied forcing Ireland into a bailout.

Jean-Claude Trichet says he did not threaten to withdraw funding from Ireland's banks in November 2010.

He's also insisted he never stopped Ireland from burning its bondholders - but did warn that it was a bad idea.

He told the members of the Banking Inquiry that the Troika were only in Ireland because the government had asked for their help.

“The government of Ireland takes the decision. First off, the Troika is there because they have to present the case then either to the IMF or to the European Council, and Europe decides whether or not to help,” he said.

Mr Trichet also said the country has come out stronger from the bailout.

Former European Central Bank (ECB) President Jean-Claude Trichet has given a lecture in Dublin this afternoon.

He is taking questions from members of the Banking Inquiry, rather than appear before it to give evidence.

They will be allowed to include his answers in the inquiry findings and are likely to ask him about the letters which eventually forced Brian Lenihan to apply for the bailout in 2010.

Some highlights from Mr Trichet's speech:

• "Ireland has done a lot, but it is totally out of the question to declare victory"
• Trichet describes Ireland as the "major success" of the banking crisis
• Trichet: Crisis facing Irish banks - in particular - was more acute than in any other country
• Trichet: Guarantee was introduced by Irish government - without any coordination with ECB or any other partners
• Trichet: Ireland was not alone in this dramatic crisis

Initially Mr Trichet was not going to engage with the banking inquiry, saying the ECB does not answer to national parliaments - and only takes questions from MEPs.

However, a compromise was reached where Mr Trichet will take questions, on the record - but not in a formal inquiry setting in Leinster House.

Mr Trichet already knows the questions he will be asked.

Earlier, he said Ireland is now in a better position after the crisis.