ECB member (and Irish Central Bank Gov.) Honohan says it's the EU's job to deal with the debt...

|By:, SA News Editor

ECB member (and Irish Central Bank Gov.) Honohan says it's the EU's job to deal with the debt crisis, and policymakers shouldn't rely on the central bank to hold off rate increases or purchase sovereign paper. Honohan has no issue with reworking the Irish and Greek bailout plans, saying this sort of action is SOP.