Angela Merkel Rejects Bailout Plan For Eastern Eu Nations

More on GermanyBRUSSELS — German Chancellor Angela Merkel and other EU leaders flatly rejected a new multibillion euro (dollar) bailout for eastern Europe on Sunday, suggesting that additional aid be given to struggling nations only on a case-by-case basis. That stance came even as Hungarian Prime Minister Ferenc Gyurcsany warned that the global credit crunch was creating a widening economic chasm in the 27-nation bloc. Pointing out that the credit crunch was hitting eastern members hardest, Gyurcsany had called for an EU fund of up to euro190 billion ($241 billion) to help restore trust and solvency in those nations. "We should not allow that a new Iron Curtain should be set up and divide Europe," Gyurcsany told reporters. His plan was quickly shot down by Germany and others, balking at the costs involved.

BING NEWS:
  • Ukraine war: Angela Merkel defends her record on Putin
    Former German Chancellor Angela Merkel has defended her record on handling ... which was meant to end the fighting in eastern Ukraine in 2014-15. The peace process, she argued, allowed Ukraine ...
    06/6/2022 - 1:00 pm | View Link
  • Angela Merkel: Four expert verdicts on a contested legacy
    Second, the high-stakes EU negotiations about debt relief for Greece during the Euro crisis. And finally, Mrs Merkel's decision not to close the border to refugees stranded in Hungary in 2015.
    09/23/2021 - 6:49 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News