Where Does the Money Go?

Since the European Bank for Reconstruction and Development was set up in London to funnel money to Eastern Europe, the agency has spent nearly twice as much on salaries, perks and furnishings ($312 million) as on aid ($156 million). Disbursements include:

-- Private jets for bank president Jacques Attali ($930,000)

-- Marble panels lining the agency's lobby ($1.2 million)

-- Art intended to reflect Europe's "cultural diversity" ($388,000)

-- Staff Christmas party ($78,000)

...

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