Ireland's return to markets 'should be celebrated': ECB
The European Central Bank has described Ireland's tentative return to the bond markets today as a "success which should be properly celebrated".
ECB Chief Mario Dragi said the NTMA's raising of €500m at a three-month interest rate of 1.8% is important for Ireland, and could also to ease pressure on global financial markets.
Mr Draghi said today's auction came much sooner than expected, and he praised both the Government and the people of Ireland.
"I think this must be a success which should be properly celebrated," he said.
"It is testimony to the determination of the Irish Government and the capacity of the Irish people to understand this programme and make the needed sacrifices."
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