BR100 Increased By (1.12%)
BR30 Increased By (1.24%)
KSE100 Increased By (1.03%)
KSE30 Increased By (1.03%)
BECO 5.76 Increased By ▲ 0.05 (0.88%)
BML 60.00 Increased By ▲ 0.33 (0.55%)
BOP 36.45 Increased By ▲ 0.72 (2.02%)
CNERGY 8.34 Increased By ▲ 0.06 (0.72%)
DCL 12.12 Decreased By ▼ -0.01 (-0.08%)
FCCL 57.30 Decreased By ▼ -0.09 (-0.16%)
FCSC 5.50 Decreased By ▼ -0.02 (-0.36%)
FFL 18.10 Increased By ▲ 0.07 (0.39%)
FNEL 1.35 No Change ▼ 0.00 (0%)
HUMNL 11.80 Increased By ▲ 0.14 (1.2%)
KEL 8.19 Increased By ▲ 0.12 (1.49%)
KOSM 6.33 Increased By ▲ 0.07 (1.12%)
MLCF 98.89 Increased By ▲ 0.76 (0.77%)
NBP 204.33 Increased By ▲ 6.00 (3.03%)
PACE 11.77 No Change ▼ 0.00 (0%)
PAEL 43.85 Increased By ▲ 0.76 (1.76%)
PIAHCLA 27.95 Increased By ▲ 0.60 (2.19%)
PIBTL 17.94 Decreased By ▼ -0.02 (-0.11%)
PPL 234.50 Increased By ▲ 1.72 (0.74%)
PRL 36.29 Increased By ▲ 0.60 (1.68%)
PTC 68.10 Increased By ▲ 0.52 (0.77%)
SEARL 95.00 Increased By ▲ 0.72 (0.76%)
SSGC 29.73 Increased By ▲ 2.07 (7.48%)
TELE 9.23 Increased By ▲ 0.04 (0.44%)
THCCL 70.23 Decreased By ▼ -0.36 (-0.51%)
TPLP 11.32 Decreased By ▼ -0.05 (-0.44%)
TREET 25.31 Decreased By ▼ -0.11 (-0.43%)
TRG 69.30 Increased By ▲ 0.45 (0.65%)
WAVES 11.45 Increased By ▲ 0.20 (1.78%)
WTL 1.31 Increased By ▲ 0.02 (1.55%)
Top News

EU cuts funding to Turkey in 2018 budget

Published November 18, 2017 Updated November 18, 2017 12:54pm

BRUSSELS: An EU 2018 budget deal was announced Saturday that cuts funds destined to Turkey, citing doubts about Ankara's commitment to democracy and human rights.

German Chancellor Angela Merkel had led calls for a cut to the funds, which are linked to Turkey's stalled bid to join the bloc, following mass-scale arrests in the country since the failed July 2016 coup.

MEPs and member states have agreed to reduce the "pre-ascension funds" by 105 million euros ($124 million) and froze an additional 70 million euros of previously announced spending.

In a statement, lawmakers said "they consider the deteriorating situation in relation to democracy, rule of law and human rights worrying".

Turkey has dismissed more than 140,000 officials since the coup attempt, and arrested another 50,000, including opposition politicians, academics, journalists, activists and EU citizens.

The German government has warned its citizens against travelling to Turkey as they risk "arbitrary" arrest.

"We have sent a clear message that the money that the EU provides cannot come without strings attached," said Romanian MEP Siegfried Muresan, the lead rapporteur for the budget.

Europe had pledged 4.45 billion euros in pre-accession spending for Turkey from 2014 to 2020, but only 360 million euros has been allocated so far.

Ankara's application to join the EU is effectively frozen, as several European leaders have criticised the hardline response to the thwarted bid to overthrow President Recep Tayyip Erdogan last year.

Overall, the 2018 budget calls for 160 billion euros of committed spending for ongoing programmes and 145 billion in payments expected for the year, increases of 1.3 percent and 7.8 percent from 2017.

The agreement still needs to be formally adopted by the EU Council, representing member states, and the European Parliament.

 

Copyright AFP (Agence France-Press), 2017
 

 

 

Comments

Comments are closed for this article.