1% of €10,000 billion1
1% of €10,000 billion1
This chapter argues that the EU has reached a point in its development when a giant step can be taken to bring aid to developing countries. In December 2001, the EU adopted a set of commonly agreed and defined indicators for social inclusion. These indicators covered financial poverty and its persistence, income inequality, low educational attainment, premature mortality, and poor housing. They would also help to monitor action plans and judge progress towards Social Europe. The chapter argues that this is an ideal time for the EU to take a major step on behalf of the poorest countries outside of it. A justifiable and affordable target could be agreed of providing official development assistance equal to 1 per cent of Gross National Product (GNP). This would help to meet the millennium development goals agreed at the World Summit in September 2000.
Keywords: EU, member states, poverty reduction, Europe, GNP, financial poverty
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