White elephants in the room: How EU projects blow billions of euros amidst austerity talks
‘Austerity may be hitting some countries hard, but looking at certain EU funded projects, one would never know. From Brandenburg Airport to Donkeypedia, these and other white elephants are flushing billions of taxpayer’s euros down the drain.
Looking at some of the projects the EU has funded over the last decade, one would think the organization had limitless funds at its disposal. Millions across the continent are currently living in poverty following the fallout of the 2008 financial crisis. One in three Greeks is living below the poverty line, while the nation has an unemployment rate of nearly 30 percent. However, that figure is double amongst the country’s youth. Spain is not fairing much better, with almost a quarter of the working population unable to find a job.’
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