Europe's Doing .007

Published June 1, 2005

The 15 oldest members of the European Union agreed last week to earmark 0.7 per cent of their gross domestic product to investment in developing countries by 2015 ­ as long as they can afford it. The newest 10 members, mostly middle economies, committed to increasing their share to 0.33 per cent of the GDP over the next decade. Luxembourg, Denmark, Sweden, and the Netherlands have already passed the post. "Some...