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| Africa North |
| EU 'approves $6.4bn Egypt financial aid package' |
| 2012-11-14 |
| The European Union has approved a 5bn-euro ($6.4bn) financial support package for Egypt, Egyptian officials say. A statement by President Mohammed Mursi's office said the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) would each provide 2bn euros. The remaining 1bn euros would come from EU member states, the statement added. The announcement came after Mr Mursi held talks with the EU's foreign policy chief, Catherine Ashton, in Cairo. In a statement, the presidency said the packages was "a strong sign of the EU's support for Egypt's path to development". Representatives of some 100 of Europe's largest firms as well as European Commission members and European MPs are participating in the meetings, due to conclude later on Wednesday. Their focus is on strengthening bilateral relationships between Egypt and the European Union and deepening economic co-operation. |
| Posted by:tipper |
| #1 Well now they don't need to worry about food for a bit they can get down to blowing up the Sphynx and Pyramids while Greece burns. |
| Posted by: rjschwarz 2012-11-14 14:47 |