Tuesday, October 02, 2012

My reply to John Redwood this morning - EU Fraud

Martin Cole
Posted October 2, 2012 at 6:09 am | Permalink
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The cross subsidy by Spanish taxpayers of the Italian State Electricity Compnay where there has also apparently been past cross appointments of politicians to board memberships revealed by Bloomberg etc., yesterday moves the EU scandal to a new altogether graver area.
An immediate cessation of all UK payments to EU budgets and projects pending full criminal investigations into past abuses, withdrawal of MEPs and cessation of salary payments together with the pensions of former EU Commissioners and officials would also seem a sensible initial step. Such a step might speed a full discovery of the facts!
UK taxpayer liability to the consequences of EU fraud could reveal the national finances are stronger than they might now appear, and some of the cutting could thus be less severe than you suggest above.

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