Tony Sharp at The Waendal Journal has quite rightly drawn attention to the fact that the EU have failed to get their accounts signed off. Again. As they have every year since 1994.
It's difficult to know what to add about this every year. Only a State-run organisation would be allowed to carry on like this; any private company so utterly incapable of accounting for its money would have been wound up in similar circumstances, with the directors put in prison.
To put it at its most basic, this is a body that spends about £95bn per year (of which we contribute around £7 billion) and has a staff of around 170,000 people. And yet, despite having a payroll roughly equivalent to the population of Swansea, the EU cannot get its accounts to add up in 17 different areas.
The likelihood is that this catastrophic failure in basic financial management is covering fraud, corruption and deception on a gigantic scale. And is our government going to get anything done about it ? Will our esteemed representatives deal with this with anything more than a pathetic whimper ? Will anything be any different next year ?
Looking Forward To A Labour Conference
16 years ago
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