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Help for pressured European economies

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Help for pressured European economies

Help for pressured European economies
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The heads of three global development banks have pledged to lend up to 25 billion euros in crisis-hit eastern and central Europe.

The action plan involves the World Bank, the European Bank for Reconstruction and Development and European Investment Bank. The two-year plan would provide fast, large-scale financing to banks and ensure that companies, especially small- and medium-sized enterprises, get access to capital.