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Swiss approve aid package to new EU states

The Swiss cabinet on Wednesday (22 February) hammered out a €640 million aid package to contribute to the EU's cohesion fund for the bloc's "new" member states over the next five years.

Switzerand is not a member of the European Union but has signed a number of bilateral agreements with the 25-strong body, in which it has also committed itself to contribute to the union's solidarity tools.

One of them is the cohesion fund which aims to sponsor projects that help poorer EU countri...

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