The New York Times: Corruption Is Seen as a Drain on Italy’s South

[…] In many ways, Calabria illustrates the crisis of accountability in the European Union. The European Commission is not like the International Monetary Fund, which can place conditions on a loan, said Massimo Florio, a professor of economics at the University of Milan, and it also lacks the power of a federal government to monitor spending.

“In the end it’s as if the member states think that’s their money,” Professor Florio said. […]

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