MEPS AGREE LAW TO FIGHT EUR600 BILLION ANNUAL FRAUD
February 1st, 2017
The European Parliament’s civil liberties, justice and home affairs committee has backed a November 30 deal with the European Union (EU) ministers over a directive that would help recover the EUR600 billion lost to member states and the bloc’s institutions annually because of fraud. The so-called ‘PIF’ directive on the protection of the EU’s financial interests aims to deter fraudsters, improve the prosecution of frauds committed against EU spending programmes and revenue collection, and help with the recovery of misused European funds, creating common ...
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