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Thursday, 28 June 2012

EU members keen on development aid cuts

According to Radio Netherlands Worldwide, European countries have given less in development aid for the first time since 2002. With fourteen EU member states reducing their financial support to developing countries, the overall contribution by the 27 has decreased 1.5 percent to 50.86 billion euros, according to a recent 2011 report.
ONE’s European director general, Adrian Lovett, said during the presentation of the report that cutting development aid would not help Europe out of the economic crisis. “Development aid is affordable, even for Europe. Rescuing banks costs much more than helping developing countries. But European leaders have to the political will to do so,” he said.

Source: Radio Netherlands Worldwide