Economy - Voice of America: Charities Say EU Budget Crunch Affects Foreign Aid

Economy - Voice of America economy-and-business

Charities Say EU Budget Crunch Affects Foreign Aid Jun 25th 2012, 17:21 PARIS - Some of the planet's poorest countries may be feeling the fallout of Europe's financial crisis. New studies show that European Union development aid is falling, and that billions of dollars are not reaching needy countries. Released Monday, a report by Concord, a European non-government organization, found that a growing number of European Union countries are falling short of promises to earmark 0.7 percent of their gross domestic product for development aid. Perhaps ... Media files: 38677385-384C-41FC-AB87-AA1C7EB3A67C_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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