The European Union’s budget for foreign aid for the 2014-2020 period is of €82 billion on. As part of a new humanitarian aid package, €18.5 million will go to Latin American and Caribbean countries.
The EU budget has been a result of political negotiations and trade-offs between Member States rather than a well-grounded financing of mutually agreed pan-European goals for a long time.
One of the main objectives of post-crisis financial regulation has been the severing of the nexus between large banks and national sovereigns, such that private losses do not lead to taxpayer bailouts.
Brussels, 24 September – The European Union spends €7.5 billion a year on non-governmental organisations, even if some of them act against the public interest, according to a new report.