November 7th, 2012

Quote of the Day

Moneycorp nails it:

“In 1995 the European Court of Auditors, the accountants who vet the EU’s financial statements, refused to approve the annual accounts because they contained too many errors and too much evidence of misspending. In 1996 the Court once more refused to approve the accounts without qualification. And in 1997. And every year since then. And it happened again this week, for an 18th successive year. Fortunately, nobody other than the auditors pays much attention to the EU accounts. Even if they did they would be reassured to see that only a little over €5bn a year goes to waste. That’s a loss of less than 4%.”


14 Comments

  1. 1

    if only 4% gets wasted, where does the rest of it go and to which countries

  2. 2
    graham smith says:

    I shall rest well tonight knowing this

  3. 3
    Roger 'd U'all says:

    Pfff, pocket change to a Barclays trader

  4. 4
    jack says:

    Thank god it’s not a lot of money. Were would we be without the likes of how gov coming down on them like a grain of salt

  5. 5
    Bugler Bert says:

    What a load of BALLS

  6. 6
    jimbo says:

    And a very weak Prime Minister Cameron will be going over to Europe and give even more of our hard earned money to them ! How weak this man is, if only he would stop making wars and stand up to the EU, still I would not doubt if the EU was telling him what to do with regard to wars, someone is obviously pulling his strings.

  7. 7
    Blowing Whistles says:

    At least the Daily Express managed to address this “18 years” of incompetence on its front page today …

  8. 8
    Four-eyed English Genius says:

    I would say nearer to 100% is wasted!

  9. 9
    Kun Tea Bollox says:

    5Bn is fuck all.
    We send more than that every year to countries who hate us even more than the EU via Overseas Development Aid.

  10. 10
    EU must be joking says:

    wonder what Nads would do for £5B?

    Hmmmmmmmmmmmm

  11. 11
    AJC says:

    Wasn’t that gasbag Neil Kinnock supposed to be sorting this out?

  12. 12
    Eu is a joke! says:

    Exactly!

  13. 13
    Eu is a joke! says:

    A complete rethink of his position on the EU is what is needed. He is certainly looking weak in Europe and at home.

  14. 14
    David B says:

    Would love to see a company submit that to HMRC


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