Here are threes sets of figures:
- Total cuts in public spending in Greece: -20% (as share of GDP)
- Total cuts in government spending in Latvia: -22%
- Proposed increase in the EC’s 2013 budget: 6.8%
Notice something odd?
Yes, that's right, the body that is imposing austerity packages on EU countries is asking for an increase in the budget of the European Commission of 6.8%!
The EC has lost touch with reality, and is quite clearly a threat to stability and well being of Europe itself.
