Skip to comments.Empty Fund: EU Lacks Money for Flood Aid
Posted on 06/06/2013 9:14:50 PM PDT by Olog-hai
The European Union in recent days has been quick to pledge rapid aid to Germany and other Central European countries as they seek to battle record flooding this week. But on Wednesday, European Budget Commissioner Janusz Lewandowski said that the promises may have been a bit premature. The blocs Solidarity Fund, he said, is empty.
The scale of the catastrophe is absolutely beyond the reimbursement (possible) in these countries. We are without resources, for sure, for the European Solidarity Fund, Lewandowski told journalists in Brussels on Wednesday. In 2013 it is not possible.
The shortage is a direct result of the budget gridlock that has been plaguing the European Union in recent months. The EU has been trying without success to agree on a budget for the seven-year period from 2014 to 2020. Although the size of the Solidarity Fund for 2013 is not explicitly up for discussion, the European Commission has asked member states for supplementary funding of 11.2 billion ($14.8 billion) to cover expenses from both this year and last year.
(Excerpt) Read more at spiegel.de ...
I care about my God, my family and the USA.
I don’t see the EU caring about anyone but themselves and Muslims. I choose my God, My family and my Country. The EU can go suck lemons.
They had plenty of taxpayer money for Green schemes and other stupid policies, but now they can’t find money for flood victims.
yet they can promise endless aid to nations? and people believe them?
The euro is at 1.32. Draghi has told the world: “It’s all good!” To prove it, rates were cut, again. Draghi announced that this would provide traction.
Since the above is all true, there is no need for the sarcasm mark.