European Union shows how to evaporate public funds

Posted on October 15, 2009  /  0 Comments

The European Court of Auditors’ latest report reveals that billions of euros funding into research networks have been wasted. It says the EU’s flagship research programme spent €17 billion, almost half its budget, on two types of pan-European project without setting clear objectives. Some people in Brussels must have been smoking wrong stuff. That’s Europe’s problem. But the EU often lectures us on good governance and wise spending. If you come across such EU officials (Development Tourists actually), please pass over a copy of this report. Nobody likes to be regulated. thinks this report is likely to raise tensions between the Court of Auditors and the European Commission.

Comments are closed.