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The European Union Embassy in Cairo denied reports on Monday 22/7/2013 which quoted EU Ambassador to Egypt James Moran as saying that the EU will cancel a series of grants and loans, totaling up to five billion Euros.
In a statement on Monday 22/7/2013, the EU embassy affirmed that the news is totally bare of truth and said that the media misinterpreted statements made by Moran.
Source: SIS
