Wednesday 27 November 2013 8:07 pm

ECB’s Asmussen warns Ireland

European Central Bank (ECB) executive board member Jorg Asmussen yesterday insisted that Ireland is not eligible for Brussels’ bond-buying programme, following the country’s decision to exit its bailout without a precautionary credit line. Ireland would need to apply for a new support programme before being considered for the so-called Outright Monetary Transactions initiative, he said.