EU AUDITORS HIGHLIGHT CONTINUED EU MISMANAGEMENT AND CORRUPTION – BUT AT LEAST THE BOOKS ARE STRAIGHT
December 1st, 2008
BY KEITH NUTHALL
AS the current European Commission begins its final year in office, has it fulfilled its promises to slash European Union (EU) fraud? Only in part, reports Keith Nuthall
IT was one of the major priorities of the European Commission led by president José Manuel Barroso: get a handle on the financial crime that bleed EU budgets of millions in Euros every year. And to be fair, there has been tangible progress.
The EU moved to accrual-based accounting in 2005, away from cash accounting, and this has professionalised Brussels' bookkeeping. So much ...
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