The Corner

“Belgians, Dutch battle to bolster confidence in Fortis”

Here’s more on Fortis, the European bank that has Kristol’s economists so worried:

Belgian and Dutch officials are keeping in close touch in the fight to maintain confidence in financial group Fortis as liquidity concerns hammer its shares, officials said Saturday.

Dutch Finance Minister Wouter Bos is in “regular contact” with his Belgian counterpart Didier Reynders, ministry spokesman Jilles Heringa said, as were the respective financial watchdogs of each country.

But Heringa said he could neither confirm nor deny reports of a crisis meeting between Bos, Renders and the head of the Eurogroup, Luxembourg’s prime minister and finance minister, Jean-Claude Juncker.

In Brussels, a spokeswoman for the Belgian financial sector supervisor, the CBFA, said that along with the Belgian national bank, “we are working on initiatives to restore confidence in Fortis…

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