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EU says Egypt to receive $6.5 bln in grants and loans

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CAIRO, Jan 13 (Reuters) - European Council President Herman Van Rompuy, visiting Cairo, said on Sunday the European Union and other financial institutions had offered Egypt over 5 billion euros to support Egypt's democratic transition.

"The European Union and associated financial institutions have offered an amount of more than 5 billion euros, or more than $6.5 bln, in grants, concessional loans and loans for a period of 2012 and 1013 to support Egypt's democratic transition," Rompuy told reporters.

http://www.globalpost.com/dispatch/news/thomson-reuters/130113/eu-says-egypt-receive-65-bln-grants-and-loans