The European Parliament has agreed to increase aid to the occupied Palestinian territories in 2012, reports on the annual EU budget negotiations in Geneva said Saturday. The bloc's budget for next year will increase by 129 billion euros, following more than 15 hours of talks, Reuters reported. The increase includes an extra 100 million euros for the Palestinian territories. As the largest single donor to the Palestinians, the European bloc of nations contributes some 500 million euros each year for Palestinian Authority salaries and to support future state institutions.