EU to give Cyprus €3.1bn if solution materialises

January 17, 2017

he European Commission will allocate 3.1 billion euros to the island if a solution to the Cyprus Problem materialises, its President Jean-Claude Juncker said at Thursday’s Conference on Cyprus, according to CNA English today.

Juncker reportedly informed the Conference that the money will come from the Commission’s Multiannual Financial Framework.

Juncker and the EU’s Foreign Affairs Commissioner, Federica Mogherini, were the Union’s representatives at the Conference which focussed on the security and guarantees issue.
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