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Europe Daily Bulletin No. 9772

30 October 2008
Contents Publication in full By article 12 / 29
GENERAL NEWS / (eu) eu/economy
EU grants Hungary €6.5 billion in financial aid - Sarkozy to propose strengthening support mechanism

Brussels, 29/10/2008 (Agence Europe) - The European Commission and the French Presidency of the Ecofin Council have confirmed that they intend to provide a €6.5 billion loan to Hungary in order to stabilise the country's economy which has been severely affected by the financial crisis (with the Hungarian currency plummeting). As indicated yesterday (see EUROPE 9771), the Community assistance facility has been activated to redress the balance of payments situation (governed by regulation...

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