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Jean-Claude Junker

Switzerland approves $1.3 bn in EU aid

BERN: Switzerland said on Thursday it will provide more than a billion dollars in development aid to the European Union, as Bern seeks to stabilise its messy ties with Brussels.  The 1.3 billion Swiss francs ($1.32 billion, 1.1 billion euros) will be spread over ten years and will target lower income countries in central and eastern Europe, a statement said. The funds are "intended to reduce economic and social disparities in Europe, which is in Switzerland's economic and political interest", it said. Switzerland…