EU welcomes 'democratic resolution' of Sri Lanka's crisis

<p>The European Union today said it welcomed the "peaceful and democratic resolution" of Sri Lanka's political crisis, following Rajapaksa's resignation as Sri Lanka's prime minister and Ranil Wickremesinghe's re-appointment to the post over the weekend.&nbsp;</p> <p>The re-appointment of Wickremesinghe comes after almost two months of political turmoil which saw the dissolution of parliament, widespread reports of bribery and parliamentary violence.&nbsp;</p> <p>The crisis resulted in a declining rupee, downgrading of the country's sovereign by credit agencies and a suspension of international funds.&nbsp;</p> <p>"As steady friends of Sri Lanka, we welcome the peaceful and democratic resolution of the political crisis in accordance with the constitution. We commend the resilience of Sri Lanka's democratic institutions and will continue to support its efforts towards national reconciliation and prosperity for all," the EU said.&nbsp;<br> &nbsp;</p>