Klaus Regling called for a pot of cash to help eurozone members hit by an asymmetric economic shock YIANNIS KOURTOGLOU/REUTERSEU leaders should set aside cash to help Ireland in case Britain crashes out of the bloc without a deal, the head of the eurozone bailout fund has said. Klaus Regling, the German chief executive of the European Stability Mechanism, said the monetary union would “benefit from a facility to deal with economic shocks hitting one individual country”. “An example of such an asymmetric shock would, for example, be if Ireland were hit by a hard Brexit,” he told an audience at the College of Bruges, an EU public affairs school in Belgium. The intervention is a rare concession by a senior EU official that Ireland could need help if Brexit talks collapse. Ireland’s economy is vulnerable to Brexit, with Irish exports making up 11…

Source: The Times November 15, 2017 00:02 UTC