Tunisia to get $560 mln loan from EU to boost economy
Tunisia is to get a loan of half a billion euros ($560 million) from the European Union to boost the economy, just weeks after an unemployed man committed suicide when he was refused work, sparking riots by thousands of young men across the country. Tunisia was the cradle of the 2011 Arab Spring revolts, triggered by a street vendor setting himself on fire after his vegetable cart was confiscated, and has been hailed as a success story for its transition to democracy. "The assistance proposed today is part of broader efforts by the EU to help Tunisia overcome the serious economic difficulties that beset it from the beginning of its political and economic transition process," the European Commission said in a statement.
