Britain's Prime Minister Gordon Brown (L) chats with Czech Republic's Prime Minister Mirek Topolanek, whose country currently holds the rotating presidency of EU, at the start of an emergency European Union leaders summit in Brussels March 1, 2009. EU leaders meeting in Brussels on Sunday will discuss possible action on the financial crisis amid concern Eastern European countries may need more help. REUTERS/Sebastien Pirlet (BELGIUM)From Yahoo News/AP:
BRUSSELS – Hungary warned the European Union not to let a new economic "Iron Curtain" divide the continent and urged the 27 EU leaders meeting Sunday to act so the bloc's weakest members don't go under in the global economic crisis.
Prime Minister Ferenc Gyurcsany said the credit crunch is hitting poorer, eastern member states the hardest. The Hungarian leader called for a special EU fund of up to euro190 billion ($241 billion) to help restore trust and solvency in eastern EU members' financial markets.
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My Comment: Eastern European leaders know what is at stake. Do we?