In the News: Bloomberg

Ireland needs a plan, not a bailout, Axel Merk tells Bloomberg TV

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'The problem that you have right now is that there is immense uncertainty. We've argued for a long time that if Ireland wants to have a bailout, they have to talk about it after they pass a budget because there is no incentive to pass a budget once you have the bailout lined up. And now we see a government that is crumbling and there is nothing in the pipeline about how Ireland is going to get through this.'

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