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

Comments: 1
Article views: 142
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. 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
Comments have been closed for this article.

Read more from our Users

Submitted by
Joshua Glenny
Ballito Drought Solution

I live in Ballito and I have "made a plan" to reduce my water bill. I have installed 3 x 2200l rain water harvesting tanks. Read more...

0 comments 74 views
Submitted by
Shelly Bowling
The Oscar Pitorius through the ey...

The fact forensics determined OP was on his stumps rather than his prosthetics when he fired the gun is the most significant finding. Read more...

0 comments 24 views
Submitted by
Eric de Castro
Post Office clowns

Do we still have a Post Office? If so, what are they doing? When last have you used the Post Office’s postal service, or been inside a post office building? Read more...

0 comments 25 views
Submitted by
Zara Khan
7 Tips For Becoming A Better Pilo...

The aviation industry is amongst the most lucrative ones to work for, no doubts whatsoever about that.  Read more...

0 comments 93 views
Submitted by
Ananias Ndlovu
Big win for Makgoba family

The community of Mamphoku Makgoba reacted with jubilant after a judge ruled in their favour in the Northern Gauteng High Court Tuesday, Queen Mother Mantsha Makgoba jumped with excitement when Justice Mabuse ruled that current members of Mamphoku Makgoba Community Trust must resign with immidiate effect and elections of new members be conducted within 30 days. Read more...

0 comments 49 views
Submitted by
Ina Baker
ANA Assessments

What a scam! Just more money flowing away from the real purpose of education! Call the Public Protector! Read more...

0 comments 83 views


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 Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

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


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 network.


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.