On the mark, as usual
By far the EU’s greatest — and certainly most dangerous — structural flaw is its gaping democratic deficit.
As is gradually dawning on more and more people across the old continent, the European Union is riddled with fatal flaws and defects. Chief among them is the single currency which, rather than serving as the Union’s springboard to global dominance, could well be its ultimate undoing.
Another huge problem with the EU is its acute lack of transparency. Staggering as it may seem, in the last 20 years the Union has not passed a single audit. Indeed, so opaque is the state of its finances that in 2002 Marta Andreasen, the first ever professional accountant to serve as the Commission’s Chief Accountant, refused to sign off the organization’s 2001 accounts, citing concerns that the EU’s accounting system was “open to fraud”. After taking her concerns public, Andreasen was suspended and then…
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