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World Bank president asks EU to increase its support for CEE states

de Radu Rizea     HotNews.ro
Joi, 19 februarie 2009, 11:19 English | Regional Europe

The European Union should provide more support for Central and East European countries, within a coordinated global effort to help this region through the crisis, said  the World Bank president, Robert Zoellick, in an interview for Financial Times.

“It’s got to have support from the European governments. It’s 20 years after Europe was united in 1989 – what a tragedy if you allow Europe to split again”, said Zoellick, according to FT.

The official said that his institution, along with the IMF and other international institutions makes efforts to help the region, but additional support from Brussels is required.

At the same time, IMF president Dominique Strauss-Kahn declared for BBC that a second wave of countries demanding for financial support may be expected soon. Authorities in Bucharest do not exclude either an agreement with the IMF.

The European currency fell to its lowest level in the past three months on Wednesday, after the bank stocks kept losing constantly during the past days.


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