Tuesday, November 6, 2012

Auditors see big problems with EU budget for 18th year in a row...and still they do nothing

OFFICIAL auditors yesterday reported major errors in EU spending last year, amounting to billions of euros and strengthening the hands of politicians in the UK who hope to freeze spending in the budget.

The European Court of Auditors said it had found irregularities affecting four per cent of total spending during 2011, equivalent to around €5.2bn (£4.17bn).

The biggest problems were in outlays on rural development, fisheries and health, the court said in its annual report, which ran to more than 240 pages.

Most errors came from the “misapplication or misunderstanding” of the EU’s complex rules, the auditor said, while a handful of cases of suspected fraud were reported.

http://www.cityam.com/latest-news/auditors-see-big-problems-eu-budget-18th-year-row