Western leaders told 5 million jobs could be lost in the “new” European Union countries of the East unless radical action were taken to help them.

Apokalipticke varovani masove nezamestnanosti ve vych Ev, 5 milionu nezam smerujicich na zapad, socialni kolaps. Brusel 2009.

To stop social collapse in the Eastern nations spilling over into the rest of Europe, the spectacular collapse of some of the post-communist tiger economies led to demands at an EU summit in Brussels for a rescue fund of €190 billion (£170 billion) .

Eastern European countries gave an apocalyptic warning yesterday of hordes of unemployed workers heading west as a new Iron Curtain divides rich from poor inside Europe

20 years after the fall of the Berlin Wall in 1989, Western leaders were told yesterday that 5 million jobs could be lost in the “new” European Union countries.

The plea, led by Hungary, was rejected in a bad-tempered meeting of the 27 European leaders

Instead Gordon Brown renewed his call for a huge injection of funds into the International Monetary Fund, which has already doled out large sums to Hungary and Latvia and is soon to receive a begging letter from Romania.

The Prime Minister refused, however, to say where the fresh money for the IMF would come from.

Ferenc Gyurcsany, the Hungarian leader, openly raised the spectre of collapse in Eastern Europe and the creation of a new Iron Curtain.

“Central Europe’s refinancing needs in 2009 could total €300 billion, 30 per cent of the region’s GDP,” he said in a paper calling for a fund of €160 billion to €190 billion to be set up by the richer EU members.

http://www.timesonline.co.uk/tol/news/world/europe/article5828323.ece
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