EU to pledge $650 million in aid to Palestinians in 2008

The European Union will pledge US$650 million (€448 million) in aid to the Palestinians for 2008, EU External Relations Commissioner Benita Ferrero-Waldner said Monday. She spoke to The Associated Press ahead of Monday's conference of donor countries where the Palestinians hope to collect aid pledges of US$5.6 billion (€3.86 billion) over three years. Ferrero-Waldner couldn't say yet how much the EU - a key donor to the Palestinians - would contribute in 2009 and 2010 but said it would be a "high level."