Following failed negotiations aimed at resolving Honduras' political crisis, the European Union suspended more than $90 million in assistance to the Central American nation, according to

. "In view of the circumstances, I have taken the difficult decision to suspend all budgetary support payments," EU External Relations Commissioner Benita Ferrero-Waldner said in a statement.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.