In a piece about Ireland moments ago on Bloomberg, the US business channel said that sources close to them have told them that the ECB have been buying Irish bonds.
The report said that the cost of insuring Irish debts against sovereign defaults are increasing as investors are increasingly concerned that the cost of saving the Irish banks is too costly.
Bloomberg also reports that investors aren't convinced Ireland can continue without asking the EU for funds.
Micheal Martin, Ireland's Foreign Minister was interviewed in the same segement and told Bloomberg's Margaret Brennan that there will be certainty on Anglo "by the end of the week".
Brennan asked Martin if there will be budget cuts beyond previously stated, Martin reaffirmed the planned "minimum of €3n".
Martin said domestic consumption is not as importance as it is in the USA, that Ireland needs an export-led recovery that will depend on Europe and the United States.
In the interview Martin is asked about political instability affecting economic programmes along with the calls on Brian Cowen to resign and how it's affecting investor confidence, along with questions about Ireland's role in the EU.
[ame="http://www.youtube.com/watch?v=Ccdke19_Df8"]YouTube - Margaret Brennan interivews Irish Foreign Minister Micheal Martin[/ame]