well at least, EU is honest about it… EU Commissioner Nielson says working out new policies for Africa should be about solidarity only…lol…like expressing solidarity with poor africans would solve all of their problems…huh…
Reducing Third World Debt
1:11 pm PST, 7 October 2004
The European Union’s aid chief has criticised British plans for reducing Third World debt.
Reuter reports the EU Development and Humanitarian Aid Commissioner Poul Nielson says they would force future generations to pay the price of what he called glory for today’s politicians.
The criticism comes as the British Prime Minister Tony Blair chairs a summit in Ethiopia of the British-sponsored Commission for Africa.
One key British proposal for reducing poverty and debt, is issuing bonds in the capital markets using donor countries’ long-term funding commitments as collateral.
But Commissioner Nielson says working out new policies for Africa should be about solidarity, and not about what he called borrowing from our children.
The EU commissioner’s comments have drawn fire from the anti-poverty campaigner Bob Geldof.
Mr Geldof told a news conference that Mr Nielson shouldn’t have his job if he didn’t want to help.
It must be his first right decision(proposal) ever… I think stupid developed countries should let go of the third world countries’ debt, so they don’t have to worry about paying if off. Anyone who cricitize this plan is an a**hl --be it the prime minister or somebody else.