G8 summit puts up £12 billion to help Arab Spring nations

12 April 2012

World leaders today pledged £12 billion in special aid for the Arab Spring new democracies after an appeal by President Obama and David Cameron.

It will create jobs in countries like Egypt and Tunisia during the transition to democracy.
"They said their main problem was the economy.

They need some support," European Commission president Jose Manuel Barroso said after talks at the G8 summit in Deauville. Mr Cameron was using the G8 to berate countries who have failed to make good on their promises to give aid to the Third World. No 10 produced figures showing that Britain's £8.5 billion a year gifts, worth 0.56 per cent of GDP, is the biggest in the G8. Japan gives just 0.2 per cent of GDP, America gives just 0.21 per cent and Russia gives 0.005 per cent.

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