Democracy pays, sometimes literally. According to Armenian news reports,
the European Union is dangling a hefty check before Armenia to motivate the financially struggling country to hold a clean parliamentary election in May.
But the check, initially reported to be a whopping 1.5 billion euros (nearly $2 billion), may not be as hefty as the media led readers to believe.
The aid money, set aside by the EU for the 16 members of its European Neighbourhood Policy program, is not for Armenia alone. The funds will be distributed on a “more for more” basis; in other words, the more democracy, the more money.
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