IIF director says western Europe, U.S must help eastern Europe alleviate social costs of financial crisis.

(From Hungarian News Agency (MTI))

Budapest, October 17, 2008 (MTI-ECONEWS) - Western Europe and the United States are to blame for the present financial crisis, therefore they must support eastern Europe in order to alleviate the social costs of the crisis, Institute of International Finance (IIF) Managing Director Charles H. Dallara said at a press conference in Budapest on Monday.

Mr Dallara met Hungarian Prime Minister Ferenc Gyurcsany earlier on Friday.

Mr Gyurcsany informed Mr Dallara of impact of the global financial crisis on Hungary, of Hungary's proposals at the recent EU summit in Brussels and the measures that the government has taken …