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EU commission asks for €11 billion to plug budget gap
EU Observer ^
| 03/28/2013 @ 09:29
| Benjamin Fox
Posted on 03/28/2013 11:28:37 AM PDT by Olog-hai
An extra 11.2 billion ($14.4 billion) is needed to cover unpaid bills from the EU budget, the European Commission said on Wednesday (March 27).
Budget commissioner Janusz Lewandowski said he tabled the amending budget in a bid to plug gaps in the 2012 and 2013 spending plans.
The request for cash cannot come as a surprise, he said, adding that earlier postponement of payments had created a snowballing effect of unpaid claims transferred onto the following year.
(Excerpt) Read more at euobserver.com ...
TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events
KEYWORDS: budgetwoes; eucommission; eussr; taxandspend
The true face of EU austerity . . . countries must be austere in order to cover Brussels ever-increasing spending. (Over there, tabled means put on the table.)
posted on 03/28/2013 11:28:38 AM PDT
Why don’t they just confiscate the money they need from the depositors at Eurozone banks?
posted on 03/28/2013 11:46:50 AM PDT
(President Jacques Chirac: "As far as I'm concerned, war always means failure.")
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