ECB bond-buying could help Ireland exit bailout - Rehn

Ireland and Portugal could draw on a European Central Bank bond-buying program to help them exit their bailout programmes, Economic and Monetary Commissioner Olli Rehn said.

22nd January, 2013
Economic and Monetary Commissioner Olli Rehn.

Ireland and Portugal could draw on a European Central Bank bond-buying program to help them become the first countries in the three-year debt crisis to be weaned off official aid, Economic and Monetary Commissioner Olli Rehn said.

ECB bond purchases along with a credit line from the European rescue fund could point the way back to market financing, proving that Europe’s anti-crisis remedies are working, Economic and Monetary Commissioner Olli Rehn said.

“The...

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