Fraud in the Balkans

Apparently, EU money for reconstruction projects in countries in the Balkans has been going missing or ending up in the wrong pockets.

A report to be discussed by the European parliament on Tuesday claims that a fifth of the contracts signed by the European Agency for Reconstruction in 2003 have "anomalies".

More Money down the drain. Having some experience of business in the Balkans however, the only surprise was that only a fifth of projects had anomalies. But wherever anyone is spending large sums of someone else’s money, the potential is there. That’s one reason why I believe in a small state and low taxes.