The Observer today exposes how massive amounts of "oor money" get used by the European Investment Bank, an official organ of the EU, to subsidise oil pipelines, dams, privatisation projects and the like, all allocated by EU-style carve-ups in almost total secrecy. My first thought was "hang on, surely a little exposure will make this stop". Then I wonder if any amount of exposure can stop a £150bn slush fund that makes a lot of friends for the right people. Let's find out. And let's spend our money backing proper sustainability, not dams and motorways.
