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EU Bureaucrats Request Bailout Funds Print E-mail
by Tom McGregor    Thu, Oct 4, 2012, 08:28 PM

Abstemious Bureaucrats.jpgNow even European Union bureaucrats are demanding bailout funds and admit they’re bankrupt.

The Daily Mail of London reports that, “Britain faces $1 billion bill from Brussels because the European Commission has blown its budget for the year.”

EU bureaucrats are demanding that British taxpayers hand over $976 million to them for over-spending. The UK already contributed $12 billion annually to the EU.

According to the Mail, “the crisis has been sparked because officials spent far more than they were allocated under the budget approved by MEPs last November.”

Nevertheless, Greg Clark, Financial Secretary to the UK Treasury, denounced the EU for ‘financial incontinence’ and declared that the British government would not give extra funds to EU bureaucrats.

To read the entire article from the Daily mail of London, link here:

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Comments (2)add comment
written by George , October 05, 2012

Sounds like the FEMA investigation of the Jesuits, questioning 12.6 million they should have not gotten from the tax payers

written by Atabak Valiyev , October 07, 2012

EU is bankrupt, bankrupt, bankrupt! Their whole economy and monetary strategy are based on bad investments. No growth there. The U.S., healthy European nations (UK) and Asia needs to look at emerging markets with strong products. Azerbaijan, Azerbaijan, Azerbaijan. The place is an extraordinary opportunity. IBA and Hajiyev are reform, capitalist, pro-democracy. Strong investments in a place like Azerbaijan with a trusted institution like IBA is the way to go. Europe’s days are over.

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