Europe Can’t Commit » financialsurfer.com

Europe Can’t Commit

October 30th, 2009 | Category: Economy
LONDON — The European Union hesitated on Friday to put a number on how much it was willing to spend on helping developing nations convert to low-carbon economies, even though it agreed at a summit that those nations should get 50 billion euros ($73.7 billion) of public funds. The E.U. said that developed nations should be funneling 100 billion euros ($147.4 billion) of public and private money each year to developing nations by 2020; but rather than put a number on…

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