Wednesday, May 23rd 2012 - 03:56 UTC

Spain, on the edge of a financial cliff, cancels all development aid to Latin America

The Spanish government announced this week it was cancelling all development aid to Latin American countries as a direct consequence of the financial strains the EU member is suffering, which is the worst in decades with record unemployment of 24%.

Foreign Minister Garcia Margallo, “an extremely painful option”

However the Spanish Foreign Affairs ministry was quick to ensure that the decision is not linked to the recent seizure by the Argentine government of a majority stake in YPF from Repsol.

Among the countries that will be affected in order of strategic importance for Madrid are Brazil, Mexico, Argentina, Chile and Colombia. Nevertheless the sums had been diminishing for the last few years because of the per capita income increase in most Latam countries. Argentina for example in 2011 only received 4 million Euros.

“Unfortunately there will be no funds available for development in 2012”, said a Spanish Foreign Affairs ministry source. “Budget cuts have been across the line and that includes overseas aid”.

Foreign minister Jose Manuel García Margallo during his presentation before the Spanish congress Cooperation committee last March anticipated that the cuts were coming, even “when they are an extremely painful option” for the government.

According to Spanish media sources in the last four years Spain’s development aid to Argentina totalled 100 million Euros.

Excluded from the list are the poorest countries in Latam and the Caribbean, which will receive emergency aid. The overall sum will be concentrated in north Africa countries, particularly those in transition to democracy plus Western sub-Sahara and the African horn.

Spain has earmarked 800 million Euros for development aid in 2012 which is 1.3 billion less than in 2011.

17 comments Feed

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1 Guzz (#) May 23rd, 2012 - 08:07 am Report abuse
Spain is in a mess and its people are paying the price, damn your economic system and globalization of misery and democrazy, put your damned religions in the sack as well...
2 Boovis (#) May 23rd, 2012 - 12:00 pm Report abuse
The UK should do the same, I don't see why we should support the starving millions of SA while some bint of a widow keeps herself up to her botoxed ears in mourning dresses.
3 Guzz (#) May 23rd, 2012 - 12:21 pm Report abuse
Yes, Britain should stop sending money to SA, especially the one stolen in Iraq, as they should stop sending warships, titwits and sheepshaggers...
4 briton (#) May 23rd, 2012 - 12:51 pm Report abuse
dont stick ya finga up to us, you little quirt .
5 Conqueror (#) May 23rd, 2012 - 03:05 pm Report abuse
@3 What's wrong with sending warships? It gives poverty-stricken SA countries an idea of what a proper nation can achieve, even when encountering minor financial difficulties, if it operates properly. It seems you now have no less than 4 Royal Navy vessels in your area or on the way. How lucky are you? Would you like to send your frigates (3) and patrol boats (6) out to form a guard of honour?
6 Guzz (#) May 23rd, 2012 - 03:08 pm Report abuse
Conqueror, my favourite warmonkey :)
Everything I mentioned, no only the warships, is representative for what your glorious nation can produce, just take a look at yourself!
7 briton (#) May 23rd, 2012 - 06:45 pm Report abuse
your insults are soooo anti british,
what a shame you could not put your indocrination to better use, and use it on the CFK brigade,

but alas, we can expect not much, can we not .
8 Guzz (#) May 23rd, 2012 - 06:55 pm Report abuse
I'm not anti British. I just generalize, like you lot. Got plenty of friends in London and Manchester to know that you lot here don't represent Britain. That old fool that calls himself conqueror spammed about killing me weeks ago, don't expect any sympathy from me. And don't blaim Britain for your flaws.
9 briton (#) May 23rd, 2012 - 07:27 pm Report abuse
Anti brit only,
saying sorry is irrelevant,

Conqueror, is your problem, you insult, he insults, they insult,
And we do not, so you don’t have to, there is no excuses,

We don’t need your sympathy, it is irrelevant
we don’t assimilate Argies,
So why you try to as simulate the islands , your arguments and insults, are irrelevant .
irrelevant my dear Watson,
[You are with us, or against us]
If you think the Falklands are British, you are with us,
You do not, then you are against us,
All other is irrelevant, including insults and anti brutishness .
10 Guzz (#) May 23rd, 2012 - 07:34 pm Report abuse
That would be all fine as long as we play by your rules, but the rules are changing, and they aren't done doing so just yet :)
11 briton (#) May 23rd, 2012 - 07:41 pm Report abuse
Not our rules,
Democratic rules,

Even some of them are very silly,
Giving criminals voting rights,
European loony rules,
Rules need to change back into our favour .
12 British_Kirchnerist (#) May 23rd, 2012 - 07:43 pm Report abuse
Maybe Argentina will end up having to send food aid to Spain if austerity takes it the way of Greece!
13 briton (#) May 23rd, 2012 - 07:58 pm Report abuse
that would be very ironic,
and very amusing .
14 British_Kirchnerist (#) May 23rd, 2012 - 09:22 pm Report abuse
#8 Very well said, especially “And don't blaim Britain for your flaws”. That foes especially for Conqueror even if he mistakes his flaws for virtues
15 briton (#) May 24th, 2012 - 01:06 pm Report abuse
14 British_Kirchnerist
And don't blaim Britain for your flaws
16 skåre (#) May 25th, 2012 - 06:40 am Report abuse
“Yes, Britain should stop sending money to SA, especially the one stolen in Iraq, as they should stop sending warships, titwits and sheepshaggers...”

Jesus, what an imbecile (as well as being literate)!
17 briton (#) May 25th, 2012 - 12:26 pm Report abuse

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