Lebanese caretaker Prime Minister Najib Mikati, center, welcomes Cyprus' President Nikos Christodoulides, left, and Ursula von der Leyen, president of the European Commission

Video. EU unveils €1-billion aid package for Lebanon to curb refugee flows

The European Union will provide €1 billion in financial aid to Lebanon over three years to prop up the country's economy and help prevent a surge in refugees leaving for Europe.