an Entity in Data Space: 134.155.108.49:8890
In the midst of a economic recession, in the 2008 AU budget and through new parliamentary acts, the AU government set up a fund to loan money to developed nations, with interest rates, to make money during a recession. The second reason was to then use that money and send it to developing nations that needed money for people in poverty, war ridden areas, or in disease. In the first budget five million was set aside for the fund. About 4.8 million was sent to the United Kingdom, with 10% interest due 2020, the deal was officially signed by Gordon Brown and AU President Barack Obama, the other 0.2 million was sent to Ireland with 15% interest due 2016. This gave rise to Contiscepticism, a policy usually held in conservative ideologies, which seeks to limit or draw back powers of the AU. It s
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