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Britain calls for EU to help east Europe, others

Britain calls for EU to help east Europe, others

British Treasury chief Alistair Darling called Tuesday on the European Union to spend more to help eastern European countries and other emerging economies hit by the global downturn.
EU finance ministers are expected to agree at talks Tuesday to double the funding of the International Monetary Fund to $500 billion, but Darling said European governments must also do more.
"Our priority must be to support those countries most at risk from the aftershock of the global financial crisis, starting with those on our own doorstep in Europe," Darling wrote in the Guardian newspaper published Tuesday.
Some of the EU finance ministers are also warning that the EU may need to set aside more money to help both member nations and neighbors in central and eastern European nations.
Romania will become the fourth country from the region to seek a bailout from the EU, the IMF and the World Bank, officials said Monday, following Hungary and Latvia _ both EU members _ and Ukraine.
Austrian Finance Minister Josef Proell said the EU's 27 nations needed to think about increasing the


Updated : 2021-01-26 05:23 GMT+08:00