G8 pledges $20-billion for Arab Spring countries


mentalfloss
No Party Affiliation
#1
G8 pledges $20-billion for Arab Spring countries

They closed their summit with a “declaration on the Arab spring” that pledged to back concrete economic political reforms across North Africa and the Middle East, starting with Egypt and Tunisia, two countries which ousted dictators but face economic downturn.

French President Nicolas Sarkozy said the entire package of aid marshalled for North Africa would total $40-billion, including $10-billion in bilateral aid from G8 countries, and another $10-billion from Arab gulf states like Saudi Arabia and Qatar.

The prime ministers of both Egypt and Tunisia had come to the summit seeking billions of dollars to address budget gaps, launch economic-development programs, and to seek capital for job-creation initiatives.

Tunisia’s foreign minister, Jalloul Ayed, said Friday that the money is key to securing the country’s path to democracy by providing hope, especially to young people that sparked the revolution that overthrew dictator Zine El Abidine Ben Ali.

The declaration did not specify which funds would come from which institution or country, instead tasking finance ministers and foreign ministers from the G8 – Canada, the U.S., Britain, France, Germany, Italy, Japan, and Russia – with hammering out details “over the next few months.

Several G8 nations have offered their own aid packages to Egypt and Tunisia – though Prime Minister Stephen Harper indicated Thursday that Canada doesn’t expect to offer its own bilateral aid package. Instead, he said he favours aid being delivered through multilateral development banks, noting that Canada has increased its loan-guarantee backing for several such banks since 2009.

The G8 declaration called for one of those Canadian-backed development banks, the European Bank for Reconstruction and Development, to extend its lending to North African nations like Egypt and Tunisia.


G8 pledges $20-billion for Arab Spring countries - The Globe and Mail
 
captain morgan
Bloc Québécois
+3
#2  Top Rated Post
Enough with the never-ending aid from the Western nations that are despised in that neck of the woods... If these groups want to attract capital investment, then offer the options and everyone can move forward. As it stands, Canadians are being taxed to death just to afford our own society, I have little interest in going into debt (as a Nation) or being taxed further to support everyone else on the globe.
 
petros
#3
Ain't Socialism grand? Thank you Harper Marx and Jack Lenin for commiting the crime of deficit spending.
 
Said1
Free Thinker
#4
Ain't overthrowing dictators grand, I'd do it for a cool billion or two....for the interest of others.....
 
petros
#5
Why do they have to over throw the people they installed the first time? Did they find happier more obidient dictators who are benevolent?
 
captain morgan
Bloc Québécois
#6
Quote: Originally Posted by petrosView Post

Ain't Socialism grand? Thank you Harper Marx and Jack Lenin for commiting the crime of deficit spending.


... So, are you saying that you do, or don't want to provide the cash to the ME nations?
 
petros
#7
That's what I'm saying. Why? Do you like Socialism and deficit spending to achieve it? Was this a desicion made through democracy? What did your MP vote on this in your name? For or against?
 
captain morgan
Bloc Québécois
-1
#8
Wow.
 
Said1
Free Thinker
#9
Quote: Originally Posted by petrosView Post

Why do they have to over throw the people they installed the first time? Did they find happier more obidient dictators who are benevolent?

Probably, and much more sympathetic to the west's interests. LOL.
 
petros
#10
Quote: Originally Posted by captain morganView Post

Wow.

Spending money we don't have on undemocractically decided issues is good in what way Cpt?

Quote: Originally Posted by Said1View Post

Probably, and much more sympathetic to the west's interests. LOL.

And this benefits the ME people in what ways?
 
captain morgan
Bloc Québécois
-1
#11
Perhaps the solution is to have a national referendum on each and every issue... Direct democracy works like a charm; juts look at California!
 
petros
+1
#12
My TV dad Archie Bunker (my generation was the first raised by TV) put it best; "Califonia is like a box of cereal. Full of flakes, nuts and fruits."
 
captain morgan
Bloc Québécois
-1
#13
What a great show that was.. Occasionally it's on Deja Vu... I get a kick out of the difference in today's PC culture in comparison to back in the day.
 
DurkaDurka
No Party Affiliation
+1
#14
What a waste of money, thankfully Harper didn't commit to the 40 billion dollar fund. Why don't the richer countries in the ME pony up this cash opposed to G8 members? What a racket...
 
PoliticalNick
Free Thinker
#15
Quote: Originally Posted by Said1View Post

Ain't overthrowing dictators grand, I'd do it for a cool billion or two....for the interest of others.....

As long as YOU got a couple of billion in YOUR pocket go ahead, but don't be reaching in my wallet to support your ideas.

Quote: Originally Posted by petrosView Post

Why do they have to over throw the people they installed the first time? Did they find happier more obidient dictators who are benevolent?

They have come to the conclusion it is easier to install & uninstall leaders in a faux democracy. If the one in power isn't satisfactory just fix another election and you got your guy.
 
Said1
Free Thinker
#16
Quote: Originally Posted by PoliticalNickView Post

As long as YOU got a couple of billion in YOUR pocket go ahead, but don't be reaching in my wallet to support your ideas.

YOU won't have much choice. So there.......

Quote: Originally Posted by petrosView Post

Spending money we don't have on undemocractically decided issues is good in what way Cpt?

And this benefits the ME people in what ways?

I give up?
 
Durry
+1
#17
What a waste of good money !!
 
mentalfloss
No Party Affiliation
#18
Quote: Originally Posted by DurryView Post

What a waste of good money !!

It's okay, it was part of the budget, lol
 
captain morgan
Bloc Québécois
+1 / -1
#19
It's been a part of the budget for far to many years.
 
PoliticalNick
Free Thinker
#20
Quote: Originally Posted by Said1View Post

YOU won't have much choice. So there.......

If you want to promote it you fund it. Put your money where your mouth is.
 
Said1
Free Thinker
#21
Quote: Originally Posted by PoliticalNickView Post

If you want to promote it you fund it. Put your money where your mouth is.

No. It doesn't work that way. Chummy.
 
Colpy
Conservative
+2
#22
Arab Spring??? HA!!!

Muslim Brotherhood 'paying gangs to go out and rape women and beat men protesting in Egypt' as thousands of demonstrators pour on to the streets | Mail Online

What do you expect in a country where 90% of women undergo FGM????
 
Niflmir
Free Thinker
#23
Quote: Originally Posted by ColpyView Post

Arab Spring??? HA!!!

Muslim Brotherhood 'paying gangs to go out and rape women and beat men protesting in Egypt' as thousands of demonstrators pour on to the streets | Mail Online

What do you expect in a country where 90% of women undergo FGM????

Wow, 90%... yeah, I'd pretty much expect those sorts of things to go hand in hand. It takes the same kind of bastard to do both.
 
damngrumpy
No Party Affiliation
#24
Lets see, first the ordinary people rise up against oppression and shut down a nation
to get justice. They bring down the monsters and have an election manipulated by a
second group of monsters called the Muslim Brotherhood. The propose destroying
the intent of democracy in order to go down a path do democracy and they want us the
west, to put money in so they can dictate democracy to the masses.
This is the greatest game of hood wink I have ever seen. These people hate us and they
intend to impose the most severe kind of fascist oppression the enlightened world has
ever seen and we contribute to their cause. I say not ONE DIME to these, bastar*ds.
Oh and maybe they will be friendly toward us think again. Same with China if we do this
or that they will come around, that is not going to happen period.
It is time we woke up and faced reality
 

Similar Threads

18
I'm Now Bored of Egypt and This Arab Spring. Why?
by dumpthemonarchy | Apr 25th, 2011
202
Harper pledges.......
by Ocean Breeze | Dec 28th, 2005
no new posts