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European Commission To Provide Additional 1.24 Billion Euros For Eur

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  • European Commission To Provide Additional 1.24 Billion Euros For Eur

    EUROPEAN COMMISSION TO PROVIDE ADDITIONAL 1.24 BILLION EUROS FOR EUROPEAN NEIGHBOURHOOD POLICY

    ARMENPRESS
    MAY 25, 2011
    YEREVAN

    President of the European Commission Jose Manuel Barroso stated
    today about the adoption of an extra 1.24 billion euros for European
    Neighbourhood Policy. The web site of the European Commission reported
    it is being done on the eve of the G8 Summit.

    "The European Commission has today decided to increase the funding
    for European Neighbourhood Policy by 1.24 billion euros, increasing
    the EU's support to our partners in the South and the East to nearly
    7 billion euros over the next two years.

    This is much more than a commitment to extra money. It is a tangible
    expression of our commitment to reforms in the partner countries. And
    it shows we are serious in our desire to help those who aspire to
    political freedom and a better future. This is in our shared interest.

    We all share one future. If we promote democracy and development,
    we foster stability and avoid instability.

    We need to set clearer conditions and give 'more for more'. One
    concrete example is to create a European Endowment for Democracy to
    support our partner's democratic changes. We will also set up a Civil
    Society Facility to enhance the political role of non-state actors,
    such as NGOs or social partners.

    Aid alone is not the answer to the socio-economic challenges in our
    neighbourhood. We need to do more to boost growth and jobs. I will
    push for faster free trade agreements, targeted concessions and smart
    investment facilities. That is a win-win situation for us and our
    partners", he stated.

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