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Wednesday, May 22, 2013

EU frontloads disbursement of subsidies

By Nikos Chrysoloras The European Commission proposed on Tuesday that the European Union should continue contributing 95 percent of funding to subsidized projects in both Greece and Cyprus through 2015.According to EC calculations, this measure would ease the disbursement next year of 400 million euros for Greece and 20 million euros for Cyprus of cohesion funds.Brussels has said that this would ...

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