EU commission asks for €11 billion to plug budget gap

EU Observer ^ | 03/28/2013 @ 09:29 | Benjamin Fox

[Olog-hai]

An extra €11.2 billion ($14.4 billion) is needed to cover unpaid bills from the EU budget, the European Commission said on Wednesday (March 27).

Budget commissioner Janusz Lewandowski said he tabled the amending budget in a bid to plug gaps in the 2012 and 2013 spending plans.

The request for cash “cannot come as a surprise,” he said, adding that earlier postponement of payments had created a “snowballing effect of unpaid claims transferred onto the following year.” …

[Olog-hai]

The true face of EU “austerity” . . . countries must be austere in order to cover Brussels’ ever-increasing spending. (Over there, “tabled” means “put on the table”.)

[Blackyce]

Why don’t they just confiscate the money they need from the depositors at Eurozone banks?