News

December 4, 2017

EU is to reduce financial assistance to Turkey by €175 million – mass media

The European Union is planning to reduce financial assistance to Turkey by €175 million in connection with the fact that the process of Ankara’s joining the bloc is suspended, Reuters reports. 

The cuts exceed the previously proposed sum of €80 million planned for the next year. 

The EU also may block some €3.5 billion of credits aimed at various development projects. 

“As long as Turkey is not respecting freedom of speech, human rights, and is drifting further away from European democratic standards, we cannot finance such a regime with EU funds,” Siegfried Muresan, the European Parliament’s chief budget negotiator said. 

Two EU diplomats informed that the governments agreed with the European Parliament this week about the withdrawal of €105 million. The sum was aimed at political reforms funding in Turkey. The sum of €70 million is held back as well. 

According to Mr. Muresan, Ankara may receive the sum of €70 million if it improves the situation with human rights.s