alexrpt
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The kleptocracy that is the European Union continues on…but are the citizens of Europe finally waking up to the crimes being committed against them by a spoiled and power hungry group of unelected bureaucrats?
Via Zerohedge…
Riot police clashed with demonstrators in the Belgian capital of Brussels on Thursday amid a massive protest against government plans to reform the country’s welfare system. This comes on the heels of violent French, Italian, and Spanish youth protests in recent weeks as the citizens of the non-Germanic European Union decry the ‘austerity’ they have been crushed by. What is odd, though, is externally, there has been ‘no’ austerity with debt loads rising for all these nations and debt/GDP at record highs for most. So where is the disconnect between a people under increasing financial pressure and a sovereign issuing more and more debt at will? The Telegraph has the stunning answer: an audit, published this morning, found that £109 billion out of a total of £117 billion spent by the EU in 2013 was “affected by material error”. Brussels accounts have not been given the all clear for 19 years running. In other words, Brussels ’embezzles’ billions of euros per year, and blames it on austerity. Is it any wonder, Europe is burning?
European citizens do have the power to stop the theft happening right in front of their eyes, as witnessed by the more than 100,000 people who marched through Brussels this past Thursday.
The unaccountability (i.e. theft) of hundreds of billions of Euros is coming to light as the Telegraph reports…
According to the annual report of the European Court of Auditors, seen by The Telegraph, £5.5 billion of the EU budget last year was misspent because of controls on spending that were deemed to be only “partially effective” by experts.
The audit, published this morning, found that £109 billion out of a total of £117 billion spent by the EU in 2013 was “affected by material error”.
It means that the Brussels accounts have not been given the all clear for 19 years running.
Treasury sources said that the disclosure shows why the EU needs “urgent reform”.
“More can and should be done to ensure money is spent according to rules,” it said.
Among the examples of misspent money was funding used to buy helicopters to help Spain defend Europe’s borders against entry by illegal immigrants.
“[Auditors] examined a project in Spain which consisted of the purchase of four helicopters, to be used 75 per cent of their operating time for EU border surveillance and control. However, the ECA found the helicopters were only used 25 per cent of the time for this purpose,” said the report.
In another case, the commission handed out £1.4 million in funding for social development in Moldova “for which no underlying expenditure had been incurred”.
“Far too much of the EU budget continues to be spent on poor quality projects with poor oversight. This is not only wasteful but undermines consent for the whole EU project,” said Christopher Howarth, an analyst at the think-tank.
“The EU should radically reform its budget to focus only on those areas where the EU adds value.”
As European citizens undergo tax hikes, austerity programs, unemployment, and falling salaries, E.U. officials are skimming the money paid into the budgets, and lining their collective pockets to the tune of over £100 billion…and counting.
Zerohedge explains…
The bottom line is that Europe’s citizens are being cheated of the benefits of ultra-low interest rates repressed by the ECB that enables their inglorious leaders to issue debt at will and increase the nation’s burdens, by a bureaucratic layer of embezzlement that has been going on – in size – for decades.
References:
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
RT @redpilltimes: Riots rage in Brussels. Telegraph reports £109B spent by EU in 2013 is mysteriously unaccounted for. http://t.co/RSvpUFYG…
“Reform” the EU? Impossible. As EU reform propaganda surrogate lawyer Ralph Grahn replied in a 2012 tweet, where democracy is concerned the EU is a “black hole”. Just as Helmut Kohl admits to acting like a “dictator” railroading Germany into the Euro against public sentiment, Queen of Europe Angela Merkel railroaded Lisbon Treaty through without promised democratic amendment reforms. By ideology alone, Left-protofascist Euro-socialism renders the USEU project terminally ill & destined for American Civil War type confederate nations secessionist movement. It is only a matter of time before the EU & Eurozone implode. These EU audit revelations reinforce the… Read more »
Excellent video..thanks for sharing.
Anytime! I saw the Moscow beta website. Please note, KGB code name “naked nips” Putin is just as corrupt, if not more than the EU. Can you run a story like this one on Putin? Putin’s legacy ⚊ Tops corporate asset manipulation, bribery, corruption on.wsj.com/1d3e28b
Let me look over the WSJ post and research things to see if I can put together a post on this topic. So much corruption and bribery, it makes your head spin.
Thanks for the tip.
Farage is the man! Free the UK from the EU’s clutches and maybe then the rest of this Frankenstein experiment will come undone, and European countries can finally begin to pick up the pieces of crippling austerity policies and rebuild properly.
“…i.e. villas for Brussels bureaucrats?” Of course, which is why Donald Tusk & Radek Sikorski totally corrupt Civic Platform party railroaded Poland into the EU at the time when the Eurozone was at it’s absolute lowest point. Everyone in USA thought Poland was insane. But Sikorski has his ancestral manor house to renovate. Here he is riding in his Nazi WWII motor bike with London mayor Boris Johnson. Join the EU & get trinkets, trinkets & more trinkets.
I often wonder how much money all these Brussels elite amassed during their tenure? I also wonder if the NSA has all their pillaging on records…hence the Biden revelation that Obama had to “embarrass” EU leaders into sanctions against Russia, sending their own economies further down the toilet.
“”…villas for Brussels bureaucrats?” Of course, which is why @DonaldTusk & @SikorskiRadek…” — Sink Euro-Socialism! http://t.co/FFtI3DCHmp
“”Reform” the EU? Impossible. As EU reform propaganda surrogate lawyer @RalfGrahn replied in…” — Sink Euro-Socialism! http://t.co/HHFTdyRn7J
“”…i.e. villas for Brussels bureaucrats?” Of course, which is why Donald Tusk & Radek…” — Sink Euro-Socialism! http://t.co/mk9C0ClyqQ
RT @redpilltimes: Riots rage in Brussels. Telegraph reports £109B spent by EU in 2013 is mysteriously unaccounted for. http://t.co/RSvpUFYG…
Why don’t you worry about your own backyard before these crooks you seem to be ok with send your loved one’s to their death fighting for Soros’ neo Nazi in the Ukraine or Syria or Iraq or Yemen or Sudan or Libya and you come back with even less brain matter than you have now.
“Reform” the EU? Impossible. As EU reform propaganda surrogate lawyer Ralf Grahn replied in a 2012 tweet, where democracy is concerned the EU is a “black hole”. Just as Helmut Kohl admits to acting like a “dictator” railroading Germany into the Euro against public sentiment, Queen of Europe Angela Merkel railroaded Lisbon Treaty through without promised democratic amendment reforms. By ideology alone, Left-protofascist Euro-socialism renders the USEU project terminally ill & destined for American Civil War type confederate nations secessionist movement. It is only a matter of time before the EU & Eurozone implode. These EU audit revelations reinforce the… Read more »
Excellent video..thanks for sharing.
Anytime! I saw the Moscow beta website. Please note, KGB code name “naked nips” Putin is just as corrupt, if not more than the EU. Can you run a story like this one on Putin? Putin’s legacy ⚊ Tops corporate asset manipulation, bribery, corruption on.wsj.com/1d3e28b
Let me look over the WSJ post and research things to see if I can put together a post on this topic. So much corruption and bribery, it makes your head spin.
Thanks for the tip.
Why don’t you worry about your own backyard before these crooks you seem to be ok with send your loved one’s to their death fighting for Soros’ neo Nazi in the Ukraine or Syria or Iraq or Yemen or Sudan or Libya and you come back with even less brain matter than you have now.
Farage is the man! Free the UK from the EU’s clutches and maybe then the rest of this Frankenstein experiment will come undone, and European countries can finally begin to pick up the pieces of crippling austerity policies and rebuild properly.
“…i.e. villas for Brussels bureaucrats?” Of course, which is why Donald Tusk & Radek Sikorski totally corrupt Civic Platform party railroaded Poland into the EU at the time when the Eurozone was at it’s absolute lowest point. Everyone in USA thought Poland was insane. But Sikorski has his ancestral manor house to renovate. Here he is riding in his Nazi WWII motor bike with London mayor Boris Johnson. Join the EU & get trinkets, trinkets & more trinkets.
I often wonder how much money all these Brussels elite amassed during their tenure? I also wonder if the NSA has all their pillaging on records…hence the Biden revelation that Obama had to “embarrass” EU leaders into sanctions against Russia, sending their own economies further down the toilet.