Certainly agree with that. However on the inefficient use of loan capital point, I’m morally torn.
From a purely analytical perspective you are quite correct, but as I have mentioned before, my parents have lived Spain for nearly 20 years, and the EU cash has been used to greatly improve the lives of their citizens.
I always cite the example of school busses. I see the children is Spain being driven to school in shiny new purpose built vehicles, compare that to the 40 year-old repurposed busses we see spewing diesel muck and breaking down in this country. It’s a small insignificant example that resonated with me, but there are many more. Take for example the newly built public hospital built a few miles from my M&D’s house; I can’t remember the last time I saw a new hospital built in this country.
Anyway, as I’m now arguing a different point, I’ll leave it there!
If you are referring to the New Year’s Eve display. My thoughts were that the cost of each firework that went off could probably feed a low income family for a day, but hey, **** em!