The financial bailouts dwarf other global crisis spending by 40x

6th December 2008

From the Institute for Policy Studies – a new report released November 24th details the ratios of financial bailout spending to spending on development aid and climate crises.

The key finding published in the report is that the $4.1trillion that the United States and European governments have committed to rescue financial firms is 40 times more money to rescue financial firms than to fight climate and poverty crises in the developing world.

For a pdf of the Institute for Policy Studies report, click here.

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