The EU commission is keen to mention that the EU "is to be the world’s largest donor" of development aid. But a recent study indicates that it makes little sense to talk about 'European' development financing, its researchers write.
While Europeans’ cradle-to-grave social benefits are increasingly facing the budget axe, the European Union and other big donors are being asked to help the 5.1 billion people worldwide who lack basic social safety nets.
Impoverished people in India, Brazil and other emerging countries could be left in the lurch under EU plans to redirect development assistance to the world’s neediest nations, aid and rights activists say.
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