Europe will need help with money - level 3, A11

Europe will need help with money - level 3, A11

17-12-2011 23:00

People in Europe are still looking for a solution to their financial problems. Some countries have really huge debts and they don’t know how to pay them.

Now, politicians came up with a new idea. They want to create a special fund. Every European country will have to send money to this fund. What’s more, other countries will have to send money too.

What do the other countries say? The USA doesn’t want to give any money. China doesn’t want to give money either but it wants to invest more money in Europe. China sends to Europe more goods than to any other country in the world, so it is dependent on export to Europe. If Europe goes down, it will have a bad effect on China too.

Russia is in a similar position. Russia will send 10 billion dollars because Russia also depends on export to Europe. India will also help. It will send 2 billion dollars to the fund.

Written by Danny for News in Levels

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