EU: $ Eight bln for Egypt as Gaza, Sudan Conflicts Spread
Sudan Events – Agencies
The European Union declares Wednesday that arrangements of 7.4-billion-euro ($8.08 billion) package aimed at shoring up Egypt’s economy amid fear that conflict in Gaza and Sudan could exacerbate financial trouble in the country.
European Commission President Ursula von der Leyen will travel to Cairo on Sunday with the Greek, Italian and Belgian prime ministers to finalize and announce an agreement.
The proposed deal is the latest in a series of EU agreements with North African countries, such as Tunisia and Mauritania, aimed at avoiding economic instability in Europe’s neighbors and stemming illegal migration from Africa.
The agreement comes after months of negotiations that accelerated following Hamas’s attack on Israel on Oct. 7 and Israel’s war on the Gaza Strip, amid fears of possible Palestinian movements from the enclave, but Egyptian authorities have kept the borders with the enclave closed and repeatedly rejected the displacement of large numbers of Gaza’s 2.3 million residents to the Sinai Peninsula.
