FRANKFURT (MNI) – It is up to the Irish authorities to decide
whether or not they will seek aid from their European partners, European
Central Bank Vice President Vitor Constancio said Tuesday.
It is, however, not necessarily the case that other risk countries,
such as Portugal, will follow suit should Ireland apply for assistance,
the vice president told reporters on the sidelines of the Euro Finance
Week conference here.
If the weakened Celtic Tiger were to apply for aid, “it’s because
they consider that it would in fact stabilize the situation,” he said.
“But it’s up to them to decide.”
Asked if others such as Portugal, Constancio’s home country, would
inevitably join the queue for aid, should Ireland seek assistance, he
replied, “There is no necessary link in this respect. All situations are
different from each other. There is no necessary link … it depends on
market developments.”
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–Frankfurt bureau; +49-69-720142, tbuell@marketnews.com
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