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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: average joe who wrote (69062)12/4/2010 4:00:21 PM
From: elmatador  Read Replies (1) of 217844
 
EU FRAUD

European parliamentarians have urged the European Commission to cut off structural funding to regions that perennially misspend the money, in the hope of further driving down fraud around the €347bn programme.
...

The parliamentary hearing centred on the annual report of the European Court of Auditors, the independent watchdog of EU funds, which last month found that more than a third of structural funds payments were affected by error. Some €700m out of €23bn paid in 2009 for the current budget period should not have been, either because of maladministration or fraud, it found.
ft.com
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