Says the EU. We don’t always know what we’re spending it on but we sure know how to do it.
As “German industrial orders fell more than expected in August on weaker domestic demand, adding to signs that a manufacturing slump is pushing Europe’s largest economy into recession,” the EU Commission advises Germany to spend more.
And EU knows all about spending other people’s money. It spent nearly four billion euros last year alone on things it can’t even account for – and most of the things it can account for are wasteful enough.
„Konjunkturschocks“ – EU-Kommission drängt Deutschland zu mehr Ausgaben