"Time runs out for EU aid release to Turkish Cypriots
06.12.2005 - 17:44 CET | By Mark Beunderman
EUOBSERVER / BRUSSELS - If member states do not reach a deal on releasing a €259 million EU aid package for Northern Cyprus before the end of the year, half of the cash will be lost - but Turkish Cypriots have threatened to decline the aid altogether.
Diplomats indicated that the UK presidency will present a proposal to member states' ambassadors on Thursday (8 December) to release the financial assistance package to the poor Turkish-populated north of the island, proposed by the European Commission in July 2004. "
More:EUobserver.com-Time runs out for EU aid release to Turkish Cypriots
