Wednesday, October 23, 2013

EU commission urgently needs €2.7 billion to avoid default by mid-november, Barroso warns


Conditions in Europe as in the U.S. may soon prevail: The EU threatened with insolvency in mid-November, when Parliament will grant no supplementary budget, Barroso warns. MPs speak of scaremongering.

Brussels – The European Union threatened to calculations by the EU Commission in mid-November, the inability to pay. This gave him President Jose Manuel Barroso told the morning, said European Parliament President Martin Schulz (SPD) to the plenary of the European parliament in Strasbourg. Reason is that the EU countries have an outstanding supplementary budget of 3.9 billion euros still not approved .... http://translate.google.de/translate