European Union announces $8 billion package of aid for Egypt

By SAMY MAGDY
Associated Press

CAIRO (AP) — The European Union has announced a $8 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores. Egyptian officials say the deal is scheduled to be signed during a visit Sunday by European Commission President Ursula von der Leyen and leaders of Belgium, Italy, Austria, Cyprus and Greece. The package includes both grants and loans over the next three years. The EU will provide assistance to Egypt to fortify its borders especially with Libya, a major transit point for migrants fleeing poverty and conflicts in Africa and the Middle East.