EU pledges Ukraine aid
Reuters
2014-03-05
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Help for Ukraine is on its way from the European Union - in the form of financial assistance.
European Commission President, Jose Manuel Barroso.
SOUNDBITE (English) EUROPEAN COMMISSION PRESIDENT, JOSE MANUEL BARROSO, SAYING:
"The package combined could bring an overall support of at least 11 billion euros over the next couple of years, from the EU budget and EU-based international financial institutions. It is a package designed to assist a comittted, inclusive and reforms-oriented Ukrainian government."
The announcement came at meeting of European commissioners in Brussels - ahead of a leaders' emergency summit there on Thursday.
And just a day after the U.S. offered one billion dollars in loan guarantees - and to send technical experts to Ukraine to advise the central bank and finance ministry.
Ukraine's new administration says it needs 35 billion dollars to stay afloat - though the EU says its short-term needs are much less.
It's close to
European Commission President, Jose Manuel Barroso.
SOUNDBITE (English) EUROPEAN COMMISSION PRESIDENT, JOSE MANUEL BARROSO, SAYING:
"The package combined could bring an overall support of at least 11 billion euros over the next couple of years, from the EU budget and EU-based international financial institutions. It is a package designed to assist a comittted, inclusive and reforms-oriented Ukrainian government."
The announcement came at meeting of European commissioners in Brussels - ahead of a leaders' emergency summit there on Thursday.
And just a day after the U.S. offered one billion dollars in loan guarantees - and to send technical experts to Ukraine to advise the central bank and finance ministry.
Ukraine's new administration says it needs 35 billion dollars to stay afloat - though the EU says its short-term needs are much less.
It's close to
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