Tuesday, October 14, 2008

Pathbreaking policy innovation from the EU

As the financial sector experiences its worst turmoil in decades, the EU helps support the real economy by subsidizing the construction of a ski slope on a flat Danish island.

Best bit:

"Even the farm owner who applied for the grant in 2006 was surprised to receive such a generous donation from the EU, reports Ekstra Bladet newspaper. ‘I didn’t reckon on them supporting something so crazy, but once the money had arrived, there was no excuse not to get started,’ said Ole Harild, the man responsible for the ski slope."

Hat tip: Lars Skipper