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News Summary: EU ministers to weigh Egypt response

The Associated Press

EMERGENCY MEETING: European Union foreign ministers will hold an emergency meeting this week to forge a joint response to the recent violence in Egypt.

MAJOR SOURCE: While the EU lacks the military muscle that gives the U.S. a special position in dealing with Egypt, Europe is a major source of aid, loans, business and tourists. European nations are also Egypt's biggest trading partner.

HALT POSSIBLE: The flow of aid money could be abruptly halted in the wake of the deadly clashes between security forces and supporters of deposed President Mohammed Morsi.