VOL. XXX

NO. 4

03-November-1986

Financial and Banking News

AID FLOWS

UK Vetoes EEC Aid to Syria

Britain last week vetoed a proposed EEC five-year 100mn ($140mn) aid packageto Syria in protest against alleged Syrian involvement in an attempt to blow upan Israeli airliner in London, according to Sir Geoffrey Howe, the ForeignSecretary, in a statement to Parliament on 28 October. The EEC's financialprotocols for the Mediterranean region, which cover a five-year period, expiredlast week, and renewal...