News Summary: Israel may forgo millions in grants

News Summary: Israel may forgo hundreds of millions in EU research grants over settlement spat

Associated Press

MONEY LOST: Israel would rather forgo hundreds of millions of euros in European Union research grants than accept a clause against settlements in the West Bank and Gaza that Europe wants written into any new partnership deal, an Israeli official said.

THE PROGRAM: Horizon 2020, a seven-year Europe-wide research grant program that begins in 2014, has a budget of about 80 billion euros. If it joined, Israel would pay about 600 million euros and likely receive more than 1 billion euros in grants.

WHAT'S NEXT: Negotiations between Israel and the EU on signing Horizon 2020 are to begin in the coming days. Israel's deputy foreign minister said the country hopes to soften the terms.

View Comments (3)