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Greece looks set to escape the potential loss of its EU handouts (Photo: EUobserver)

Greece's EU handouts safe despite deficit problems

Greece's handouts from the EU are not yet in danger despite Athens' budgetary crisis, a spokesman from the European Commission said on Wednesday (29 September).

Brussels has allocated 563 million euro in so-called "cohesion funds" destined for Athens in 2004, of which 189 million euro had been transfered by 1 August.

The Commission spokesman for regional policy had told Reuters news agency, "We might consider the possibility of suspending cohesion funds for Greece as foreseen by ...

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Greece looks set to escape the potential loss of its EU handouts (Photo: EUobserver)

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