Another in the annals: what is OPM—the EU’s use of money earned by European national citizens and paid over to the EU in the form of taxes? Or is it the EU’s money, and it’s the citizens who are using OPM—the money the EU allows the citizenry to have?
This one comes from the world of (Spanish) sports.
Real Madrid, FC Barcelona, and five other Spanish soccer clubs will have to return tens of millions of euros to Spain’s government after benefiting from illegal tax breaks, the European Union’s antitrust regulator said Monday.
The European Commission said the tax breaks, property deals, and loans and bank guarantees granted by the Spanish government gave those clubs an unfair advantage over their competitors.
Because the worthies of the EU Know Better what the Spanish should do with their money than does the Spanish government.