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Damning European Court of Auditors Report

Andy Wightman has picked up this and reports it on his blog.

The European Court of Auditors has just published a damning report on the Single Payment Scheme which was introduced as part of the 2003 reform of the Common Agricultural Policy (ECA Press Release here & BBC report here.).

It is my view that this kind of thing comes about as much through ignorance of the laws of economics as from corruption. Applying what we know, this and more was entirely predictable.