Sunday, November 13, 2005

Euro Shell Game

France is one of the wealthiest countries in the EU, but they'll be getting a handout to cope with the rioting damage. Do Europeans really think extra wealth is created by passing it through Brussels?
"The European Union yesterday offered France 50 million euros (58.6 million) for urban rebuilding programs in riot-hit areas, AFP cited European Commission President Jose Manuel Barroso as saying before he met French Prime Minister Dominique de Villepin late yesterday."
Why should the rest of Europe, particularly the newer members to the East, pick up any of the tab for France's follies? Of course, that scam is working pretty well here in the US, as the states would rather squabble over scraps of "federal dollars" than tax and pay for things locally. This is a negative sum game.

Update: It's even worse. European Commission President Jose Manuel Barroso says the EU could make up to $1.2 billion available in longer-term "support."

Technorati: , , , ,

This page is from the original Don't Let Me Stop You blog. We have moved to a new site: Visit DLMSY on WordPress.

Return to main page of Don't Let Me Stop You