[no subject]

[larson@xxxxxx]

EU Observer reports that the EU is concerned with its own budget management.
Lack of control, lax routines and outright harassment of staff trying honest
audits in the EU top have been official secrets to Europeans for a long time.
Now the Union top is "concerned" - and there is only one reason for this: they
are working towards a direct EU income tax, probably at 5% to start with. Since
noone with any insight into European tax policy over the past two decades can
expect this tax to come with national tax cuts, the EU top know they have to at
least look like you can trust them enough to give up another 5% of your
earnings...

/srl

---From the EU Observer---
The top managers in the European Commission warn about poor control over the
European Union?s 98 billion Euro budget, in a report that will be unveiled this
week. The report will show that almost half of the Commission?s Director
Generals are concerned about ?audit-related issues,? writes the Financial Times.
The report, part of sweeping reforms the Prodi Commission pledged to apply in
order to correct mismanagement and corruption that led to the collective
resignation of the previous Commission, is set to clear the way for introducing
stricter control on the way the EU money is spent.

Link to article  http://www.euobserver.com/index.phtml?aid=7059
---


--
Sven R Larson
PhD; Assistant professor of economics
Department of Social Sciences, Bldg. 22.2
Roskilde University
Pb 260
DK-4000 Roskilde
Telephone: (+45) 4674 2910