European Commission report on fraud
September 1st, 2004
BY ALAN OSBORNThe creation of a European Public Prosecutor next year is among a number ofactions announced by the European Commission in its fight against fraud. Inits annual report the Commission claims to be slowly winning the battle,saying there was a reduction of 20 per cent to 482 million euros infinancial "irregularities" in 2003. But, recognising that this is still"unacceptable," it blames the member states. National authorities do notnotify irregularities on a sufficiently consistent basis "and theirefforts to safeguard the Communities financial ...
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