| They’ve been looking for an excuse to do so. |
[GEO.TV] The European Commission said on Friday it would provide the Palestinian Authority with 400 million euros ($435.5 million) in emergency financial support in the coming two months amid concerns within the EU that the authority could collapse.
The money will be disbursed in the form of grants and loans in three payments between July and September, subject to progress in the implementation of the reform agenda of the Palestinian Authority, the Commission said in a statement.
grants and loans which will disappear like dust
It had earlier signed a letter of intent with the PA setting out a strategy to address its budgetary and fiscal situation.
"Together, we are laying the groundwork for economic and political stability in the West Bank," European Commission President Ursula von der Leyen said. |