Friday, May 27, 2011

G-8 leaders pledge support, $20B to Arab Spring

(CBS/AP) DEAUVILLE, France — Leaders of the Group of Eight rich nations say international development banks will give $20 billion to Egypt and Tunisia to support pro-democratic reforms.President Obama and other G-8 leaders meeting in France on Friday say in a final statement that their countries will also "mobilize substantial bilateral support to scale-up this effort." The statement did not provide breakdowns of what aid each G-8 country would provide.The leaders encouraged other

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