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Europe Daily Bulletin No. 9025

13 September 2005
GENERAL NEWS / (eu) eu/ecofin
Common position on reducing debt and development funding at UN Summit - André Sapir calls for reform of European social models

Manchester, 12/09/2005 (Agence Europe) - Reiterating the collective objectives of public development aid (PDA) increases of 0.7% of GDP in 2015 and 0.56% by 2010, the finance ministers of the EU agreed on the text of the common position of the EU on reducing the debt of heavily indebted poor countries (HIPC) and traditional sources of funding for public development aid (PDA), at their informal meeting in Manchester. In their conclusions, they welcomed the decision of the G8 to write off 100%...

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