Posted May 5, 2013 by Martin Armstrong
In Austria, there is the new airport terminal check-in 3, formerly called Skylink, which is the country’s largest building scandal. Depreciation by mismanagement at terminal building will impact the balance sheets of Vienna airport for a long time. Nobody ever goes to jail in these building projects laced with fraud. This is why there simply cannot be a professional political class – they always pay themselves nothing and have their hands out behind the scenes.
As usual, there were pledges of no more delays in the investigation. In reality, taxpayers will be burdened with this cost for a very long time.
No matter what country you go to, government is incapable of every managing money on behalf of the people. One giant waste of time and no law will every make it work. It just is beyond comprehension why anyone expects good management – impossible.