PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
comoddo
 
Comments: 1
Article views: 141
 
 
Latest Badges:

 
View all comoddo's badges.
 

Aid was promised, but where is the money?

15 April 2014, 15:52
At the end of February of this year the EU leaders in reply to changing of State power in Ukraine promised to give financial help, aimed at financial system stabilization and different investment projects realization directed on development of the country economy. Then Elmar Brok, chairman of the EP Committee on Foreign Affairs announced a sum in 20 billion Euros, which will be received by Ukraine for the reform implementation as soon as a new government will be formed. At the beginning of March Jose Manuel Barroso, President of the European Commission informed that the sum of total aid would make 11 bn Euros. However, this is not all. A sum of 11 bn Euros will be allocated not immediately, but over four years and only on condition of signing of Association Agreement and implementation of all IMF requirements by Ukraine. And only then aid will be given to Ukraine…only of about 610 million euro?! Why such number? Europe unexpectedly forgot its primary promises. After some time the EU leaders thought and decided to raise the size of macro financial aid, which will be given to Ukraine on 1 bn Euros, but the primary 610 million will be given in three tranches. There is a rather strange “aid, aimed at financial system stabilization and effective reforms implementation”. It looks like a handout for the temporal closing of the budget gap. At the same time, according to Barroso, rest of the money will be collected by means of the European financial institutions including the European Bank for Reconstruction and Development and European Investment Bank. Hence, it raises new questions: Will this money cover those projects, which were ratified by EBRD and EIB before? If it’s so, then it turns out that Europe promises money, which was already planned. It looks like not European way, frankly speaking, they are waiting for our firm steps, but we just promise. Now it’s already the end of March and Ukraine didn’t get any financial aid tranche. Is it simple surrendering of Ukrainian interests or banal confirmation that Europe doesn’t charge with its promises? There is certainly probability that Europe doesn’t have money for such “giant” aid, after the decision of allocation of 8,5bn Euros to Greece within the “second anti-recessionary program” framework. Or did our leaders decide that people in trouble are left to themselves!? It is necessary to think over that consequences of Ukrainian economic crisis may without fail influence on us. The weak state is always under the threat of its neighbor’s aggression. So let’s start to do something, while we can help.
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Tinus van der Merwe854
A good story

We have a good story to tell – are you contributing or commenting only? Read more...

4 comments 101 views
Submitted by
Niple Khumalo
Letter to Minister of Health

On behalf of all grateful South African who want to thank you but are unable to do so, I will like to take this opportunity and thank you for caring for them. Read more...

2 comments 203 views
Submitted by
Cris Mhlanga
The amazing Elias Motsoaledi Loca...

“That which is normal is never normal within Elias Motsoaledi Local Council.” Read more...

1 comments 97 views
Submitted by
Linamandla Mpolase
To the Lost Generation

If you are reading this you are either part of the now dubbed "Lost Generation" or you are going to be; and its just that you haven't realised that.  Read more...

3 comments 739 views
Submitted by
Caitlin Spring
Rhodes Changed Something

The Rhodes Must Fall Movement captured something in UCT’s community that I have never seen before. For the first time in a long time people were saying what they actually felt, unabated. Read more...

36 comments 1482 views
Submitted by
Lehlohonolo Nyetanyane
Vavi would make a good DA leader

Expelled Secretary geneneral of Cosatu Zwlinzima Vavi seems to have changed his tune from defending African National Congress with every fibre of his being to badgering it at every given opportunity. Read more...

6 comments 302 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.