EU SPENDING HETS ITS OWN ACCOUNTS IN NATIONAL GOVERNMENTS – MORE TRANSPARENCY SHOULD REDUCE FRAUD
November 1st, 2012
BY KEITH NUTHALL
FINANCIAL fraud flourishes where books are opaque and complex - so imagine how bad it can be if there are no books. Amazingly, until now, the spending of European Union (EU) funds by national governments has been affected by that problem. Keith Nuthall reports.
SPENDING someone else's money is always a lot easier than spending your own. And as a result the European Commission has long complained about the cavalier way that EU member states have handled money handed to them from Brussels. Much (80%) of the EU budget is spent this way, from ...
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