Monday, November 10, 2008
The Scandal of the EU's Accounts
For the 14th year in a row the Court of Auditors has failed to approve the European Union's accounts. I suppose no one will be very surprised by this, but it really is an absolute scandal. Perhaps if one of the major net contributors to the EU threatened to withhold its cash unless the EU puts its house in order, something might change. Or then again, perhaps not. The European Parliament can huff and puff but it seems incapable to getting the Commission to take the necessary action.