EU makes €190 million financial contribution to post-quake reconstruction

The EU has pledged 190 million euros in a new financial contribution to Morocco’s post-quake reconstruction efforts.

An agreement was signed in that respect by the EU’s commissioner for the neighborhood Olivér Várhelyi and minister in charge of the budget Fouzi Lekjaa.

The Commissioner said the EU has injected 5 billion euros in the Moroccan economy in recent years, adding that the EU would like not only to save this partnership but also to expand it.

The European Commission and the Council have expressed attachment to the partnership with Morocco following a political verdict by the European Court of Justice that threatens to sap the close economic ties between them.

Morocco had said that it was an issue for the EU to resolve and called for giving its partnership “legal certainty.”