ECB claims rescue programme ‘will bring stability’ to Ireland’s finances

IRELAND’S rescue programme is a good one and will bring stabilisation to the country, according to the European Central Bank (ECB).

As the bank kept its interest rate at record low figures yesterday, ECB president Jean-Claude Trichet said the bank would continue its bond-buying programme.

Mr Trichet said Ireland’s rescue plan addresses “in a decisive manner” the economic and financial causes underlying current market concerns, adding that it will contribute to restoring confidence and safeguarding financial stability in the euro area.