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The European Commission proposes 6.8% increase in EU spending despite austerity

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Old 05-06-2012, 09:30 AM
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Default The European Commission proposes 6.8% increase in EU spending despite austerity

The vast European Union budget could be slashed overnight by almost a third amid evidence of spiraling expenditure on quangos, empty parliament buildings and staff pay and perks, a damning report has found.

Despite austerity throughout the Continent, the European Commission has proposed a 6.8 per cent increase in EU spending next year, while cutting only six out of almost 41,000 EU jobs, it says.

And for the next long-term EU budget after 2014, Brussels has proposed another 5 per cent increase.

Now, following a line-by-line analysis of EU spending in 2012, think tank Open Europe is to set out an alternative budget that would reduce spending by almost 30 per cent – saving European taxpayers around 33billion annually.

And Britain would reduce its annual gross contribution to the EU budget by almost 4.6billion.




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Old 05-06-2012, 10:02 AM
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This is yet another demonstration of why the EU is never going to succeed in a competitive world. Dream on EU. If you proceed in this kind of profligate and extravagant way, you lose all credibility.

Oh. Too late.
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