Tuesday, 3 March 2009

Aid Denied for Eastern Europe

RGE writes:
At a March 1 EU summit, leaders made a new commitment to the single market - a response to concerns that any protectionist moves to prop up national industries would undermine EU unity - suggested a joint plan to deal with toxic assets is working and pledged support to CEE/SEE countries on a case-by-case basis but rejected pleas for a 180b euros ($230b) aid package for eastern Europe.
As the economy tanks further the development of events is getting more and more interesting to watch.

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