Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously. Its job is to make sure taxpayers’ money has been used well and to call for improvements where they are needed. On Tuesday, MEPs will debate in Strasbourg whether to grant discharge for the 2007 budget.
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The US and Europe are in the worst economic crisis since the 1930s. With unemployment rising dramatically and businesses failing, fear is spreading. Against this background the excesses of the financial sector and the credit and prosperity bubble they helped create seem to be sheer recklessness.
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