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What’s behind the EU’s financial aid to Tunisia? | Business and Economics

The European Union has provided more than $1 billion in financial aid to cash-strapped Tunisia to help boost the country’s battered economy.

Tunisia is short of money and its economy is heading for collapse.

Basic commodities have been in short supply for months. Many Tunisians are struggling with rising living costs.

The European Union fears more migrants could cross the Mediterranean in search of a better life in Europe if the country’s economic crisis worsens. It provides financial aid to the country, but what does the EU demand in return?

Elsewhere, the UK said it had struck a “first of its kind” economic partnership with the US.

In addition, China’s youth unemployment rate hit a record high.

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