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Hungary's plan of aid to Central Europe lacks support in EU-Fico.
(From Czech News Agency)
Brussels, March 1 (CTK) - Hungary's plan of aid to the financial sector in countries in Central and Eastern Europe worth EUR160-190bn (up to Kc5,480bn) does not have the necessary support in the EU, Slovak Premier Robert Fico said. The plan to ensure means for financial institutions in the region was presented to journalists today by Hungarian Premier Ferenc Gyurcsany. The funds should be provided by the International Monetary Fund, the World Bank and EU institutions and should help revitalise the sector and secure better access to loans. "The plan has no support. This was said (to the Hungarian Premier) very clearly by other V4 members as well as other states," Fico said after a meeting that was held ahead of today's extraordinary summit of the EUs 27 leaders. The summit was convened by the Czech presidency following agreement with the European Commission. The aim is to agree on a common approach to tackle the impacts of the financial crisis. The meeting was attended by representatives of the Visegrad Four (V4) countries, namely the Czech Republic, Slovakia, Poland and Hungary and also by representatives of the three Baltic states, Romania and Bulgaria. Czech Prime Minister Mirek Topolanek said on the arrival at the summit he did not believe that Europe was a special region that would need special assistance. According to him, ...
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