Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-464-000"

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"en.20110510.60.2-464-000"2
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"Georgia has experienced a sharp economic decline since the outbreak of the military conflict with Russia in August 2008. This resulted in huge direct and indirect damage; a large part of the population was displaced. The global financial crisis which broke out in autumn 2008 made the situation in Georgia even more complicated. The proposed assistance – part of a comprehensive EU package of up to EUR 500 million – aims to support Georgia’s recovery following the armed conflict with Russia, and also helps Georgia address the consequences of the global economic and financial crisis. The assistance is to be allocated to the financing of the deficit of the state budget, and may help Georgia to overcome its acute financial problems."@en1
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