Unappealing choice between quick stimulus and error-free spending

The EU needs to rewrite its spending rulebook

In two weeks’ time, the leaders of national governments will meet in Brussels for a summit devoted to discussing the European Union’s budget for 2014-20. Before they do so, they should engage – at least momentarily – with the annual report of the EU’s external auditors, who this week (6 November) gave their verdict on the EU’s accounts for 2011.

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