Monday, December 13, 2010

The EU's billions: States at the service of corporations

Wikileaks showed how much the US diplomats serve the financial interests of corporations. Europe has the EU to do that. It has allocated 347 billion euros for flagship funds. How is it used? (from the financial times)

"●Some of the world’s biggest multinational companies, including IBM, Nokia Siemens, and Coca-Cola, have been allocated subsidies from the programme, which is primarily intended to support small and medium-sized enterprises.

●Other companies are using EU funds to help them move factories to countries with cheaper workforces in spite of rules specifically prohibiting this practice."

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