EU Readies Migrant Crisis Aid

Migrants and refugees walk to a refugee camp, as they wait to be allowed to continue their trip to southern Macedonia, near the northern Greek village of Idomeni, on Wednesday, Feb. 3, 2016. Police in northern Greece late Tuesday said 5,000 refugees and migrants were gathered at or near the border with Macedonia, where authorities continued to provide limited access at a frontier barrier built in November. (AP Photo/Giannis Papanikos)

The European Union is ready to allocate 700 million euros in emergency humanitarian aid to countries affected by the ongoing refugee crisis, particularly Greece, according to the Wall Street Journal.

The paper said the plan will be unveiled on March 2 by the EU Commission.

The development comes after Commission President Jean Claude Juncker promised 500 million euros to Prime Minister Alexis Tsipras last month to deal with the crisis.