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Executive Member Insight

Is Europe Entering an Era of Aid Austerity?

By Pete Troilo on 09 September 2011

In the wake of the U.S. debt deal which, by all accounts, will result in significant cuts to American overseas assistance spending, many are wondering to what extent the foreign aid austerity contagion will spread. Most eyes are now on Europe which is undeniably beaten and battered coming out of the first wave of the global economic recession and could actually be the driving force into another downturn.

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