Monday, April 18, 2011

Billions In EU Aid Is Wasted Every Year

EU 'Wastes Billions In Aid' -- The Telegraph

The EU is spending billions of pounds of British taxpayers' money on spurious aid projects such as giving dance lessons to impoverished Africans, it was claimed.

Britain makes a £1.4 billion contribution to the EU's £10 billion aid budget, but there are few measures in place to ensure corrupt nations spend it appropriately, according to reports.

Others in receipt of EU aid include Turkey, which received £500 million in 2009 – twice as much as Afghanistan – despite being quite well off.

The EU was criticised by the Court of Auditors for failing to track how the aid money is spent, claiming the European Commission selects projects at random without looking at where it is needed most.

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My Comment: International aid is often used to lessen tensions and conflicts in those regions of the world that are beset with tensions and conflicts that usually erupt into full scale war. For every dollar that is squandered, that is one dollar less that would otherwise help such trends from happening.

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