What a surprise!
Arafat squirreled away about $6 billion before his death. He kept his wife and daughter in a Paris luxury hotel for decades while he was busy extorting the West and creating hell and havoc in the Middle East.
Now the Euro-weenies are surprised that his successors have stolen half as much?
From the Algemeiner:
Billions of dollars in international aid granted to the Palestinian Authority may have been squandered, lost to corruption, or misspent, a new report by the European Court of Auditors, the Luxembourg-based watchdog, revealed, The Sunday Times reported.
Roughly €2.3 Billion ($3.1 Billion) made its way from Europe to the Palestinian territories between 2008 and 2012, but much of it is unaccounted for, the report said.
According to The Sunday Times, which got an early glimpse of the report, “EU investigators who visited sites in Jerusalem, Gaza and the West Bank noted ‘significant shortcomings’ in the management of funds sent to Gaza and the West Bank.
“The auditors complained about the lack of measures to ‘mitigate’ high-level’ risks, such as ‘corruption or of funds not being used for their intended purpose,’” The Times said.
Since they are only looking at Euro-weenie money, I wonder how much how much of ours got stolen.
In the meantime, our seniors get a measly $17 a year Social Security increase next year. BFD! Cat-food prices have gone up more than that.
The Palestinian Authority must have been taking lessons from our Demmerhoids.