EU president Herman Van Rompuy muzzles auditors and tells them to tone down criticism | Mail Online

This is a truly amazing, MUST-READ, story from the Mail Online.

EU president Herman Van Rompuy muzzles auditors and tells them to tone down criticism | Mail Online.

Surely, it’s about time for the European Commission,

English: Herman Van Rompuy, President of the E...

English: Herman Van Rompuy, President of the European Council, at the press conference about the European Union during the 37th G8 summit in Deauville, France. (Photo credit: Wikipedia)

with it’s holier than thou views on austerity to start looking in its own back yard?

Any thoughts?

 

 

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Gov’t debt audit to examine risks for sound economy – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This is an interesting story from China’s People’s Daily Online. It’s a RECOMMENDED READ. Check it out!

via Gov’t debt audit to examine risks for sound economy – People’s Daily Online.

For me, the article highlights once again the decisiveness of China’s Central Government. It’s also signals mature judgement in both listening to the IMF and turning to the auditors.

Sadly, many Western Governments, and the European Parliament could learn a lesson or two here.

Perhaps, we need the IMF to take a close look at the finances of the European Parliament? Or just imagine if we had a bold UK Prime Minister who turned to the IMF over the economic viability of the NHS. It’s interesting that Angela Merkel was keen to use the IMF in Southern Europe but perhaps not too close to home!

Any thoughts?

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