Tuesday, March 16, 2010
The EU's call for cuts
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

Quite what the European Commission, home of profligate finances and dodgy accounts, was doing calling for more drastic action to cut Britain's budget deficit is not clear. The story of its draft report, leaked to Reuters, is here. It would indeed be nice if all EU member countries could get their budget deficits down below 3% of GDP as quickly as possible.

But the Commission's call, which has no sanctions behind it, is an exercise in pointlessness. Perhaps Brussels is getting revenge for all that lecturing by Gordon Brown when he was chancellor. As it is, one of the themes of Alistair Darling's budget on March 24 will be that Britain is being held back by weak EU growth. The Commission should concentrate its fire closer to home and try to do something about that.