EU to Bail out East European Countries?

Time Magazine in March 2009 incidentally reported in a few lines that the European Union dismissed a request of bailing out nine East European countries, which claimed to be hit too hard by recession in order to cope. They would need $240 billion. Hungary led this initiative, insisting that Europe soon would have a "New Iron Curtain" because of the unequal economic stands. Hopefully, the European Union with the strongest nations Germany, France and Great Britain at its centre will not become the cow that all countries in Europe can milk when they are hungry! (Source image: howstuffworks.com)