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Empty Fund: EU Lacks Money for Flood Aid
Der Spiegel ^ | June 06, 2013 – 11:51 AM | (cgh—with wire reports)

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 bloc’s 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 ...


TOPICS: Business/Economy; Food; Society; Weather
KEYWORDS: disasteraid; eufloods; eussr; floodrescue; germanyfloods
The beneficial crisis marches on. The elites have no problem spending all sorts of money on themselves, of course.
1 posted on 06/06/2013 9:14:50 PM PDT by Olog-hai
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To: Olog-hai
How’s this: I don’t care.

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.

2 posted on 06/06/2013 9:22:50 PM PDT by KittenClaws ( You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: Olog-hai

They had plenty of taxpayer money for Green schemes and other stupid policies, but now they can’t find money for flood victims.


3 posted on 06/06/2013 9:30:57 PM PDT by Amberdawn
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To: Olog-hai

yet they can promise endless aid to nations? and people believe them?


4 posted on 06/07/2013 12:10:00 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: wiggen

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.


5 posted on 06/07/2013 5:47:24 AM PDT by reformedliberal
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