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He told Mr Howe he did not see "how we can have one law for departments concerned with raising money and a different one for those who disburse money".
BBC: Margaret Thatcher's spending cuts 'upset her ministers'
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NGOs now disburse more money than the World Bank.
ECONOMIST: Sins of the secular missionaries | The
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Much of the research money governments disburse is allocated on academic merit, determined by peer review, not by bureaucratic fiat.
ECONOMIST: The knowledge factory
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In overnight news, the Tuesday meeting of Euro zone officials in Brussels, on when to disburse the next tranche of bailout money to Greece, failed to reach agreement.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Slightly Up on Chart Consolidation; U.S. Economic Data Awaited
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There is a meeting of Euro zone officials Tuesday on when to disburse the next tranche of bailout money to cash-starved Greece, and on what terms Greece will be held in order to receive the money.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Up on Bullish Outside Markets, Improved Risk Appetite
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There is a meeting of Euro zone officials in Brussels on Tuesday on when to disburse the next tranche of bailout money to Greece, and on what terms Greece will be held in order to receive the money.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Weaker on Corrective Pullback from Monday's Gains
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Early next week the EU debt crisis will be in keener focus, as there is a meeting of Euro zone officials next Tuesday on when to disburse the next tranche of bailout money to cash-starved Greece, and on what terms Greece will be held in order to receive the money.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Weaker on Firmer U.S. Dollar, Risk-Aversion
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In overnight news, European stocks declined on apparent disagreement among European Union troika officials on the terms and when to disburse the next tranche of EU bailout money to Greece, which is now running out of cash.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Weaker amid Bearish "Outside Market" Forces
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If recent history repeats itself Greece will soon be back on the front burner of the market place, regarding fresh EU bailout money and the debating about when and if to disburse fresh funds to the cash-starved country.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Modestly Up on Bargain Hunting amid More Chart Consolidation