EA October 2011

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EUROPE MOVES TO REWARD “ARAB SPRING” WITH BIG INCREASE IN DEVELOPMENT AID -- HELPED BY U.S.

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Europe is moving toward a big expansion in its economic assistance to North Africa in the form of geoffpauldevelopment investments by the European Bank for Reconstruction and Development (EBRD). Starting with Egypt, the countries of “the Arab spring” stand to receive aid potentially amounting to tens of billions of euros from this London-based source.

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