This is absolutely true. Popular European opinion is that the UK is insane to leave the EU. But a huge part of the EU is just swimming in bullshit. I knew many middle class Hungarians whose family friends scored them a nice EU grant to start some sort of business. Obviously 99% of those businesses went nowhere. Rinse and repeat. The irony is that is actually deters real investment because why risk €100k of your own money when the business next door will rip-off your idea with €200k of free EU money.
And that’s not to count the absolutely incredible mid and high level corruption that this article discusses.
And that’s not to count the absolutely incredible mid and high level corruption that this article discusses.
Source: lived in Hungary for 5 years