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Draghi: 'No decision' yet on precautionary second bailout

The President of the European Central Bank has said no decision has been made on whether to offer a...
TodayFM
TodayFM

3:02 PM - 5 Sep 2013



Draghi: 'No decision'...

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Draghi: 'No decision' yet on precautionary second bailout

TodayFM
TodayFM

3:02 PM - 5 Sep 2013



The President of the European Central Bank has said no decision has been made on whether to offer a second precautionary bailout to Ireland.

A precautionary bailout is one of the options being considered to help Ireland get back to borrowing on the bond markets at the end of this year.

But Mario Draghi says it's up to the finance ministers of the Eurozone countries to decide if that's an optoin they want to pursue.

He says the best way to ensure Ireland gets back to regular borrowing is to continue the hard work to get the budget under control.

Mr Draghi was speaking after the bank's monthly meeting, where it decided to leave its interest rates at their record lows.

That's good news for around 400,000 tracker mortgage holders, whose monthly repayments are remain at an all-time low for several months to come.



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