The EU plans to boost development aid and loans for its Arab neighbours in the southern Mediterranean, but the help will be tied to political reform. The EU foreign policy chief, Baroness Ashton, said 1.24bn euros (£1bn) would be added to the 5.7bn-euro EU "neighbourhood" budget for 2011-13. The EU is adopting a "more funds for more reform" approach, she said. The wave of uprisings in the Arab world has forced a major foreign policy rethink in European capitals.
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Great Initiative !
by Darius Kadivar on Fri May 27, 2011 03:59 AM PDTThe EU plans to boost development aid and loans for its Arab neighbours in the southern Mediterranean, but the help will be tied to political reform.