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Friday, November 11, 2011

EU Bullshit

"For the fourth year in a row, the EU's annual accounts have received a clean bill of health from its external auditors."


The reality is of course entirely different.

There was an estimated “error rate” of 3.7% in payments from the 2010 Euro 122BN budget.

"In the Court’s opinion, because of the significance of the matters described in the basis for adverse opinion on the legality and regularity of payments underlying the accounts paragraph, the payments underlying the accounts for the year ended 31 December 2010 are materially affected by error."

Source ECA

This is why the EU is destined to fail.

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