The European Commission rejected a request from Hungary to provide financial assistance to countries in Eastern Europe in the amount of 190 billion euros, writes newspaper The Times. In response, Prime Minister of Hungary Ferenc Dyurchan (Ferenc Gyurcsany), declared that without this aid in the countries of Eastern Europe will remain unemployed for more than five million people, while the EU will be the "Iron Curtain".
According to British newspaper The Daily Telegraph, Hungarian Premier said that if the Eastern European countries do not receive financial support, they may suffer serious damage due to global financial and economic crisis, resulting in a hit and the other countries in Europe.
Rather than give credit to countries in Eastern Europe, I'm sure the British Prime Minister Gordon Brown, the funds must be transferred to the accounts of the International Monetary Fund (IMF), in which the state can apply for crisis loans. Hungary and Latvia have already received IMF assistance in the amount of 14,5 and 1,6 billion respectively. In addition, as soon as possible for assistance IMF asks Romania.
The fact that Hungary on behalf of the countries of Eastern Europe, the European Commission has asked for help, it was reported on Feb. 27, 2009. Then, it was reported that there was about 180 billion euros, which would help Poland, Hungary, Czech Republic, Slovakia, Latvia, Lithuania, Estonia, Bulgaria and Romania to overcome the effects of the crisis. According to Dyurchanya, financial assistance could be provided to countries within the framework of pan-European plan to stimulate the economy, presented by the European Commission in 2008.
Earlier it was reported that a group of international financial institutions began to build fund to assist banks in Central and Eastern Europe. The assistance will be 24.5 billion euros, while its establishment will be attended by the World Bank, European Bank for Reconstruction and Development (EBRD) and European Investment Bank. In this latter announced that he is ready to list financial institutions 5.7 billion dollars at any time.
Sunday, March 8, 2009
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