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Brussels blog by some wire service journalists

EU leaders reduce Greek co-financing to 15 percent

By GABRIELE STEINHAUSER and RAF CASERT

BRUSSELS – The European Union said Thursday it is prepared to help debt-saddled Greece by reducing Greek co-financing for EU development aid to 15 percent.

European Commission President Jose Manuel Barroso made the announcement at an EU summit in Brussels on Thursday.

The European Commission has urged EU leaders to help Greece access billions in EU development funds to create jobs and make its businesses more competitive.

READ FULL STORY HERE.

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Don Melvin

Slobodan Lekic

Raf Casert

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