Is it time for EU to eliminate foreign aid?

The International Federation of Red Cross and Red Crescent Societies (IFRC) has some dire warnings regarding the social condition in Europe.

Europe is experiencing its biggest depression since the end of the Second World War, with the number of people receiving food aid from the IFRC nearly doubling from 2.3 million in 2009 to 4.1 million today. Twelve per cent of Europe’s workforce is out of a job, while EU figures show that 120 million people – nearly a quarter of the bloc’s population – are at risk of poverty and social exclusion.

Is it time to recall the old adage that charity begins at home?