EUROPEAN PARLIAMENT THREATENS DELAY OVER ACCEPTING ACCOUNTS

BY KEITH NUTHALL THE EUROPEAN Parliament's budgetary control committee has tied its recommendation that the European Union's (EU) 2006 accounts be approved to the creation of a joint parliament-European Commission group improving EU accounting and auditing. The group would especially monitor new quarterly checks on the financial management of regional development 'structural' funds that command Euro 278 billion from 2007-13. It would also push for more national declarations by member states about how they manage EU funds, documents thus far only released by ...


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