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War detritus in Libya - the conflict is said to have cost the country €340 billion so far (Photo: BRC)

EU reacts to Arab spring with small-scale funding increase

In a major policy review in the wake of the Arab spring, EU institutions have pledged €250 million a year in new money for the bloc's 16 neighbouring countries, including six post-Soviet states in eastern Europe.

The funding - which is to come from unspent money in a different section in the EU's global external relations budget - is to cover the period from now until 2013.

It comes on top of previously agreed funding of €1.9 billion a year for the region and is to be topped up ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

War detritus in Libya - the conflict is said to have cost the country €340 billion so far (Photo: BRC)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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