MercoPress. South Atlantic News Agency
EU cuts Argentina, Brazil, Chile and Uruguay from development aid
The European Commission decided to cut aid from its 2014-2020 budget to 19 emerging economies including Brazil, Argentina, Uruguay and seven other Latin American countries, the EU development commissioner Andris Piebalgs said on Wednesday. Read full article
Comments
Disclaimer & comment rulesWhat else can the EU do? Help yourself EU, you need the development aid.
Dec 07th, 2011 - 07:36 pm - Link - Report abuse 0“We have a limited budget and need to focus on those countries which most need it, so that aid has the greatest impact possible” well said, like Spain and Italy.
Elsa Fornero in Lacrime
http://www.youtube.com/watch?v=jB9S0_QjOjs
You could take this any way you want to, focussing the aid where it will have the greatest impact could mean one of two things.
Dec 07th, 2011 - 09:10 pm - Link - Report abuse 0Either the country has advanced to the point where it doesn't really need the aid (either through being able to substitute their own government funds or by improving their infrastructure to the point where the need doesn't arise) - I think the likes of Malaysia, China and India would fall into this category, or not enough of the aid money actually aids people but gets syphoned off.
Bear in mind though, that the EU aid budget is the size of the Ecuadorian economy and change.
They cut the aid because they are the ones in need for aid nowadays.
Dec 07th, 2011 - 09:50 pm - Link - Report abuse 0good now Argentina can focus in sending their producs to poor nations or move from being subservant to being self suficient. for years Argentina has gone from being dependant on international handouts to becoming a growing economy, EU is audated and their convined buying power might not be enought to compete with larger economies like China, India and Pakistan, The growth in the Argentine economy can not be atributed to good or bad policy in Argentina but to the buying power of the leading growing economies, therefore some proven working models of economic grouwth might not really apply to Argentina. national banks and goverment bonds played a large role in past to gather sufficient capital for projects, dividend and profit sharing also help boost capital flow, without the subsidy in energy cost I find it hard for Argentina to compete with industrialized nations even if Argentina's resources are more readily available, EU currency supports bankers and arm dealers, Argentine peso supports working farmers, politically speaking a win win situation to make better use of the national bank and the parlament. we don't pay politicians to manage EU bank account, we pay them to manage Argentina, I hope this wakes up the politicians at casa rosada and gets them working on instruments to secure capital flow, otherways Argentina might end up like the dinosours GM and ford behind tata.
Dec 07th, 2011 - 11:33 pm - Link - Report abuse 0Shame. Argentina has squandered the help away. The corruption is most likely too blame. That and the saying “don't bite the hand that feeds you” has probably something to do with it as well. Stupid “leaders”!
Dec 08th, 2011 - 02:42 am - Link - Report abuse 0Damn. There goes all those “consultation” fees.
Dec 08th, 2011 - 09:14 am - Link - Report abuse 0Commenting for this story is now closed.
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