G-8 leaders agree on $50B in African aid

"An alternative to the hatred."

[edit: here are quotes from Bono and Geldof.]

I'll leave it to those more skilled than I to do a real analysis of this as the days pass (how much is actually new money, how much is actually development aid, and so on), but it's something at least. Good to hear the whole EU is committed to the 0.7%, and that export subsidies were included in the discussion. Now we can all take a breath, celebrate a step in the right direction, and start our ora et labora again for September...