Arrr, the European Union be handin' over 7.4B gold coins to Egypt to deal with their migration woes and such!
2024-03-17
Arrr, the European Union be throwin' a treasure chest worth o' 7.4 billion pieces o' gold to Egypt to aid them in battlin' the swarm o' scurvy landlubbers floodin' their shores. Aye, 'tis a mighty fine gesture indeed in these troubled times.
In a jolly tone fit for a 17th-century pirate, the European Union announced a whopping 7.4-billion-euro aid package for Egypt, or around $8 billion. This treasure trove was aimed at quelling fears of migrants storming the country from Israel and sailing the high seas to Europe. European Commission President Ursula von der Leyen and Egyptian Abdel Fattah el-Sissi sealed the deal in Cairo, but not without a few raised eyebrows due to Egypt's human rights track record.During the signing ceremony, El-Sissi hailed the pact as a crucial moment in Egypt-EU relations, boasting of a "paradigm shift" in their partnership. The agreement, dubbed the Joint Declaration, promised grants and loans over three years, with a hefty chunk earmarked for macro-financial aid.The EU and Egypt pledged to forge a robust strategic alliance, covering a gamut of issues from democracy and human rights to tackling migration and terrorism. With the funds aimed at shoring up Egypt's borders against influxes of migrants from conflict-ridden regions, the deal mirrored similar agreements with Tunisia and Mauritania.Despite criticisms over Egypt's checkered human rights past, the EU defended the partnership, stressing the need to work with countries like Egypt to address issues on the ground. Amidst the waves of geopolitical challenges, the EU remains committed to fostering a cooperative and mutually beneficial relationship with Egypt.