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EU Summit Agrees to Boost Aid to Eastern European Members

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The summit made a "to-do" list defining the EU's position at the G20 Summit in London on April 2.

EU leaders announced at the end of the summit that the bloc would provide 75 billion euros (US$103 billion) to the IMF to boost its lending ability, urging other countries to follow suit.

EU members also agreed to invest 5-billion-euro (US$6.8-billion) of unused budget funds into energy and broadband infrastructure construction.

They specifically agreed on orientations for setting up a crisis mechanism to deal with disruptions of supplies.

The summit also considered preparations for the Copenhagen Conference on climate change in December.

The summit also adopted the Eastern Partnership Initiative, designed to enhance ties between the EU and its eastern neighbors, such as Georgia, Ukraine, Belarus, Armenia, Azerbaijan and Moldova.

(Xinhua News Agency March 21, 2009)

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