EU DEBT RECOVERY
November 1st, 2001
Keith NuthallA SET of comprehensive guidelines on the recovery of debts owed to European Union institutions has been adopted by the European Commission, which wants to avoid the unnecessary and expensive writing off of money owed. Debts to Brussels can amount to millions of Euro, and the in-house rules have especially been designed to prevent the recurrence of a case such as the Flechard Russian butter aid scandal, where a tender security of Euro 17.6 million was claimed, but only Euro 3 million was actually paid.Under the new harmonised rules, decisions to waive ...
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