Europeans more than pull their weight in aid to developing countries. Last year Europeans provided more than €60 billion ($80bn) in aid, more than two and a half times as much as the United States. European members account for just 40% of the national income of the Development Assistance Committee (DAC) but give more than 60% of the aid.
Furthermore, Europeans have reason to be proud of the quality of aid they give. They tend to focus on poverty eradication and sustainable development, and have largely shaken off the vested commercial interests in tied aid.