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Wednesday, November 17, 2010

The view from Benelux

Belgian Finance Minister Didier Reynders today said that aid to Ireland is "inevitable", claiming that it's impossible for Ireland to get out of this pickle without some sort of cash injection. He added that for the ECB it would become "difficult" to remain providing liquidity to banks in Ireland and in other countries.

His Dutch counterpart, Jan Kees de Jager, was more cautious and refused to comment on Reynders' assessment, merely saying that "Ireland will ask for help when it's necessary (...) If you're with your back against the wall, you will be forced to ask for help."

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