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EU prepares aid for Romania and other non euro zone members

de A.C.
Luni, 16 martie 2009, 2:19 English | Regional Europe

European leaders will analyze this week whether to supplement the 25 billion euro fund destined for those EU members not part of the euro zone, a European draft project obtained by Reuters reads. The fund is destined only for EU member state not part of the euro zone, mainly Eastern European states.

The information springs up as Romania started negotiating with the IMF for a loan and after Hungary and Lithuania already received an IMF loan. Both the Commission and the Council should examine urgently the possibility to increase the fund's ceiling to aid countries that cannot balance their balance of payments, the document reads.

Moreover, it seems that both the Commission and the Council of EU Finance ministries should cooperate with the international financial institutions to support European countries to maintain their stability.

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