No Special Aid for Eastern Europe

The extraordinary EU summit on 1 March has not backed proposals for a financial bail-out plan for Eastern Europe, and new member states in particular.

The only specific decision of the summit was to instruct ECOFIN to work closely with the European Commission to draw up elements to help countries facing temporary imbalances “on the basis of all available instruments”.

It remains to be seen what these instruments will and will not include.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s