European Commission proposed for Romania to provide the financial assistance of five billion euros
Xinhua from Brussels, on April 21st: The European Commission announced in Brussels on 21st, it was recommended a member severely affected by the financial crisis, Romania provided five billion euros as medium-term financial assistance to help them ride out the storm. The European Commission said in a statement, the EU would before the end of the first quarter of 2011, in batches provided the money to Romania.
IMF believes that the Bank of England still has 200 billion of funding gap
From London Xinhua on April 21st, the International Monetary Fund (IMF) released a report on 21st to say that the Bank of England has so far only eliminated one-third of the losses, so the British Government to the bank for at least has to again inject 125 billion U.S. dollars, in order to balance the bank in debt. IMF in the report concerned the prospect of deep in the plight of the Bank of England. The report said the Bank of England need a further injection of 125 billion U.S. dollars.
Governor of Australian central bank: the global economy may slow down the speed of recession
By Xinhua on April 22nd, governor of Australian central bank Stevens on 21st said, Australian economy was in the recession, but the long-term prospects remained good, and there were indications that the pace of world economic recession might slow down. According to “The Wall Street Journal,” Chinese news network, Stevens said that despite the sharp drop in confidence is likely to mean significant reduction in business investment followed, and the business planed lay-offs, the speed of the Australian economy is unlikely to shrink as other countries so fast.
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