They also said that proposals to increase cross-border co-operation with the Irish government would undermine British sovereignty.
The European Commission said the money would go towards supporting economic development, peace and reconciliation and cross-border co-operation.
Cross-border co-operation is never easy, but if rich-world governments want to protect their citizens, the place to start is in a foreign field.
The report calls on a specific budgetary allocation for the Black Sea strategy, with a priority on funding small-scale development projects and cross-border co-operation.
The BBC's Chris Morris in Islamabad says that cross-border co-operation was high on the agenda when Mr Zardari and Mr Bush met at the UN.
Most unionists have changed covertly: in particular, businessmen hinted at their feelings by lamenting the economic effects of clashes over Orange parades, and urging greater cross-border co-operation.
Eurocrats say they first want all 27 members of the European Union to adopt the same procedures for bank resolution and deposit guarantees (with arrangements for cross-border co-operation).
It will also "definitively" establish Eurojust - a body which has, in fact, already been operating informally since March, co-ordinating cross-border co-operation in investigations into crimes such as terrorism and money laundering.
The Cross-Border Co-operation Programme with Ireland and Scotland.
Zaire will almost certainly follow suit, opening an opportunity for cross-border mining co-operation.
In her debut speech to the European Parliament since her country took on the rotating presidency of the Council of Ministers, Hungarian State Secretary for European Affairs Eniko Gyori said the agreement could help tackle illegal cross-border trade and improve co-operation on environmental issues.
Then a cross-border charity, Co-operation Ireland, announced that it would host an event for the queen.
For its part, Brazil has promoted the South American Union (UNASUR), which aims to develop cross-border infrastructure and defence co-operation.
The council and six cross-border bodies are aimed at promoting co-operation between Northern Ireland and the Republic of Ireland on areas of common concern.
And there is much more to be done, it suggests, involving cross-border banking, disclosure requirements, indices of systemic risk and international co-operation.
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