8 January 2010
How many people work for the EU? About 50% of its employees on a good day!
Martin Spring recently reported in his ‘On Target’ newsletter that: “For the 15th year in a row, the auditors have refused to sign off the European Union’s annual accounts because they are ‘materially affected by errors.’ For example, one–ninth of grants from structural funds should not even been paid out.” Remember once reading that the EU didn’t even know how many people it employed. But national and regional government sadly don’t have to play by the same rules as everyone else, a theme frequently highlighted by Global Markets Asia’s John Sheehan