Ireland’s Kenny Says ‘Only the ECB’ Can Provide Crisis Firewall
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Irish Prime Minister Enda Kenny said the European Central Bank should be deployed as “the ultimate firepower” to regain market confidence and end the debt crisis.
Europe’s 440 billion-euro ($595 billion) rescue fund “hasn’t measured up” because proposals to leverage it have yet to be implemented, Kenny said in a speech in Berlin today after talks with Chancellor Angela Merkel. That leaves the ECB as the only means of resolving the crisis, he said.