Hungary gave the receipt of a new tranche of aid from the European Union, said European Commission (EC). From Brussels, however, specify that the money will remain available to the country in case of need. “Given the sustainable improvement of their external finance Hungary wants unblock international aid, said in a statement the European Commission, which notes that the country has dropped from its financing and in November. In Budapest the Minister of Finance Peter Osko confirmed the news to journalists, noting that it will be used the next tranche down – or the Commission or the International Monetary Fund (IMF). The reason is that “the country’s financing was provided by the markets,” AFP reported. Encounter serious difficulties from the effects of the global financial crisis in Hungary get a loan from a total of around EUR 20 billion from the IMF, EU and World Bank to deal with the effects of international capital leaking. This was the first country in the EU, which resort to emergency measures. EU promised to allocate aid to 6,5 billion euros, far Hungary has benefited from three tranches: a $ 2 billion euros in December 2008 and March 2009 and 1,5 billion euros in July 2009
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The European Union has made clear that Greece will not abandon and leave the growing crisis with the country’s obligations to endanger the eurozone, writes Financial Times. “It is clear that economic policies are not only a national issue, but also Europe, told reporters in Brussels, European Commission President Jose Manuel Barroso. According to senior EU officials in Greece last resort may receive emergency assistance from the governments of the euro area and by the EC, but without the participation of the International Monetary Fund. Euro zone countries and European authorities did not specify how Greece would help, since they fear that it will reduce pressure on Greece to cope alone with their problems and that would confuse an already turbulent financial markets. Immediate priority for the country to show that it is serious in its intention to reduce public spending, improve tax collection, to publish reliable financial and statistical data to deal with corruption, EU representatives stressed.
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The Prime Minister of Greece George Papandreou has denied speculation that the country must be saved with a loan from the European Union. Thus he denied rumors that the union will pour substantial sums to help countries in the fight against serious and crisis. In recent days in the French press, there have been allegations that Brussels is considering a rescue operation to help Greece. The reason is the volatility of the euro, which is largely due to precisely the problems of our southern neighbors. According to Papandreou, however, are all “speculation” and not true. He threw the blame for the problems that face his country and the euro on speculators who wager against the single currency. For this purpose we use a country with difficulties, as is now Greece. They become subject to powerful lobbies and carried out an attack against the currency throughout the euro area, transmits Air Force. Papandreou, however, acknowledged that his country has itself to blame for budget problems there. Therefore not be addressed criticism nor the EU nor the politics of the European Central Bank.
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The European Union today rejected new emissions targets proposed by the United States and China, on the ground that are too low to prevent catastrophic climate change, forward Journal Times. The dispute between the three main forces of the summit on climate change in Copenhagen darkened first day of negotiations and shattered hopes that will soon be reached on emissions. The EU has called U.S. President Barack Obama to announce higher goals next week when he will come to Copenhagen for the last day of the conference – 18th December. Representatives of the United States, however, insist that the proposed emission occurs before 10 days after Barack Obama was “remarkable” and in line with the recommendations of scientists. Obama suggested the United States emissions to be reduced by 4 percent compared to 1990 levels until 2020 did the EU have committed to cut emissions by 20 percent over the same period. Moreover, the EU is committed to the reduction to 30 percent if other countries are ready to take “such action”.
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