The European Parliament approved a substantial increase in "crisis fund"

The European Parliament approved 20 non-EU member countries in the euro zone to provide a "crisis fund" more than double the size in order to help the financial crisis as a result of financial difficulties of Central and Eastern European EU member states. In view of the severe situation, the European Parliament the same day under the fast-track procedures adopted this decision, so as to the European Union finance ministers early next month's monthly regular meeting formally approved the increase in "crisis fund" to clear away the obstacles. By the financial crisis, Hungary, and other Central and Eastern European EU member states economic danger, the much-needed external assistance. To this end, the European Commission last month recommended that the EU will be the medium-term financial assistance to the total amount of funds from the current 12,000,000,000 euros 250 million euros. The medium-term financial assistance fund, known as the European Union's "crisis fund", because only in a non-member countries took place in the euro zone balance of payments crisis or facing serious financial difficulties, the EU will use the funds for the country to provide emergency financial support . So far, the European Union has approved the "crisis fund" to contribute 65 million euros to help cope with the financial crisis in Hungary.