Passage: Without agreement on the EU financial perspective for 2007-2013, French President Jacques Chirac could only confirm that the funds destined for the region "would not decrease" under the next financial framework. A new 1.5-billion-euro (about 1.8 billion US dollars) financing facility from the European Investment Bank, intended for the private sector in the South Mediterranean, was the only "new" money put on the table in Barcelona.
destined