Thursday, April 19, 2012

The Utter Failure of EU Structural Funds

Maybe this is a hot topic of conversation in other venues, but has anyone here noticed that the imbalances crisis of the Eurozone is exactly what the structural/cohesion funds were supposed to forestall?  Billions spent, and what to show?  I run each morning on an EU-funded trail, for which I am supremely thankful, but I would gladly forego it to somehow, magically rescue the good people of Europe from the maw of austerity.

Was it destined to be thus?

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