From The FT:
Mr Barroso points to the anomaly that countries such as Greece, Ireland and Portugal, which have benefited in the past 20 years from tens of billions of euros in EU regional aid, are in a worse situation than ever in terms of relative competitiveness.
"It's very important to address this. We have to concentrate on the quality of public expenditure," he said.
I'm So Glad I Never Clapped For Them...
1 hour ago
5 comments:
The same is true within the UK, the parts of the country that have money spent on them are lagging further and further behind, not catching up.
R, that effect can be largely explained by national pay scales and the huge amount of public money that is spent on transport in the South East.
The "quality" of expenditure, eh?
Quelle surprise. Not.
And as usual the corporatist shit gets it 180 degrees wrong.
It's like buying failure be-gets more failure...
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