European Union Agrees to €7.4 Billion Aid Package to Egypt

(AFP) — The EU chief and five European leaders visited cash-strapped Egypt on Sunday to announce a 7.4-billion-euro financial package focussed on boosting energy trade and stemming irregular migrant flows to the 27-member bloc. The deal will include billions in credit over coming years for highly indebted Egypt, and stepping up energy sales that could help Europe “move further away from Russian gas”, said a senior European Commission official. European Commission President Ursula von der Leyen — who was joined by the leaders of Austria, Belgium, Cyprus, Greece and Italy...