While negotiations are taking place in Algiers, some observers insist on the need for reconciliation between Northern Mali and the rest of the country and particularly between Tuareg and other Malians. But the Tuareg are a minority in Northern Mali and most of them did not support the rebels. So who needs to be reconciled with whom? And what economic solutions will counteract conflict? This Policy Note argues that not only exclusion underlies the conflict, but also a lack of economic opportunities.