President of ECB rules out taking action to avoid new property bubble in Ireland

The President of the ECB has ruled out taking action to avoid a new property bubble in Ireland. Mario Draghi says the bank is watching Ireland’s property market very closely as it emerges from its bailout. houses But he says the bank won’t take action to avoid the economy being put at risk by another property bubble. He says the ECB csts of the whole Eurozone – and it’s up to Ireland to deal with more local issues: [audio_player src=””]