• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Home
World
Middle East

EU offers Lebanon 1 billion euros in economic, security support

May 2nd, 2024 | 09:19 AM WORLD Middle East 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Lebanon hands Assad-era general to Syria in first such transfer since Assad’s fall
US provides $206 million for Gaza force despite deadlocked peace plan
Mossad director, Syria foreign minister discussed Turkish military deployments before strikes, sources say
Israeli airstrike kills nine Palestinians at Gaza police station, medics say
By Reuters

The European Union has offered Lebanon a financial package of 1 billion euros ($1.07 billion) to support its faltering economy and its security forces, European Commission President Ursula von der Leyen said on Thursday during a visit to Beirut.

Von der Leyen said the package would help bolster basic services, including health and education, though she added it was crucial for Beirut to "take forward economic, financial and banking reforms" to revitalise the business environment and banking sector.

Speaking alongside Prime Minister Najib Mikati and Cypriot President Nikos Christodoulides, she said support to the Lebanese army and other security agencies would be focused on providing training, equipment and infrastructure to improve border management.

Lebanon's economy began to unravel in 2019 after decades of profligate spending and corruption. However, vested interests in the ruling elite have stalled financial reforms that would grant Lebanon access to a $3 billion aid package from the International Monetary Fund.

As the crisis has been allowed to fester, most Lebanese have been locked out of their bank savings, the local currency has collapsed and public institutions - from schools to the army - have struggled to keep functioning.

In parallel, Lebanon has seen a rise in migrant boats taking off from its shores and heading to Europe – with nearby Cyprus and increasingly Italy, too, as the main destinations, researchers say. Both Syrians and Lebanese are on board.

Both Von der Leyen and Christodoulides said they hoped Lebanon would conclude a "working arrangement" with Frontex, the EU's border agency.

Lebanon is home to hundreds of thousands of Syrians fleeing the conflict in their homeland since 2011. Echoing other Lebanese officials, Mikati said on Thursday they were further straining Lebanon's collapsed economy and that most of Syria was now safe enough for them to go back.

But the United Nations says Syria is still too dangerous for displaced nationals to return. Last year, Syrians were still being arrested or conscripted when they were being forcibly returned by Lebanese authorities.

Christodoulides said the protracted presence of Syrians in Lebanon needed to be addressed.

"Let me be clear, the current situation is not sustainable for Lebanon, it's not sustainable for Cyprus and it's not sustainable for the European Union. It hasn't been sustainable for years," he told reporters.

($1 = 0.9341 euros)

  • Topic
  • Lebanon
  • EU/BORDER (UPDATE 2, PIX, TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Lebanon hands Assad-era general to Syria in first such transfer since Assad’s fall

Related Posts

Middle East
August 19th, 2026

Lebanon hands Assad-era general to Syria in first such transfer since As...

Middle East
August 19th, 2026

US provides $206 million for Gaza force despite deadlocked peace plan

Middle East
August 19th, 2026

Mossad director, Syria foreign minister discussed Turkish military deplo...

Middle East
August 19th, 2026

Israeli airstrike kills nine Palestinians at Gaza police station, medics...

Middle East
August 19th, 2026

France says West Bank violence justifies its sanctions against Israeli m...

Middle East
August 19th, 2026

UAE's financial embargo on Iran after missile threat puts rivalry back i...

The Wire
Aug 20th 2 h ago
Investigates

In China, rocket launches fuel tourism and space-age dreams

Aug 19th 3 h ago
Asia Pacific

Japan exports rise 23.2% year/year in July

Aug 19th 3 h ago
Baseball

D-backs score twice in 10th, salvage series finale at Red S...

Aug 19th 3 h ago
Government

US tells schools not to alter discipline policies to reduce...

Aug 19th 4 h ago
Transactional

China tax crackdown forces wealthy investors to assess thei...

TRENDING ON FINANCETIME
Aug 19th, 2026 Tennis

Paul ousts top seed Zverev to reach Cincinnati quarter-finals

Aug 19th, 2026 Litigation

AIA Group's first-half new business value rises 10%

Aug 19th, 2026 Energy

Brazil's largest thermal power plant shut down after equipment failure

Aug 19th, 2026 United Kingdom

Key moments in Prince Harry and Meghan's six years in California

Aug 19th, 2026 Sports

Orioles reinstate C Samuel Basallo (shoulder) to active roster

Markets-Sectors
ENERGY -0.16%
FINANCIALS -0.62%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT