EC APPROVES MEDITERRANEAN FINANCIAL PACKAGES EC ministers have approved financial packages for several Mediterranean states totalling 1.6 billion European currency units, an EC official said. The packages, part of special EC trade agreements with Tunisia, Egypt, Lebanon, Israel, Algeria, Morocco and Jordan until 1992, include 615 mln Ecus in grants, he said. They include one billion Ecus in loans from the European Investment Bank, the EC long-term financing arm. The framework for the transfers was signed yesterday by EC farm ministers after being agreed in principle by foreign ministers earlier.