Monday, March 09, 2009

Rajendra Pachauri

...has lashed out at governments for spending trillions of dollars on the banking crisis while neglecting funding for poverty alleviation and climate change.

"It defies any kind of logic, if you look at the type of money that the world has spent on these bailouts, 2.7 trillion [US] dollars is the estimate, and it's been done so quickly and without questioning," he said. Fifty billion dollars a year was the estimate for tackling the Millenium Development Goals on sckness and poverty, he noted. "But everyone scoffed at it. Nobody did a damn thing."

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