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Old 04-06-2015, 09:41 AM   #1
grannie27
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Default EU lost nearly 1bn euros from budget

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The EU's anti-fraud agency Olaf tried to recover €901m (£654m) of misspent EU budget funds last year, including €198m that went to a mismanaged Spanish port.

Olaf said another €49m that the EU had earmarked for the port expansion at El Musel, near Gijon in northern Spain, should not be paid.

Two senior port managers are suspected of fraud in the port project.

Acting on Olaf advice, EU member states managed to recover €206.5m in 2014. But the total EU budget was €142.7bn.

An Olaf spokesman told the BBC that the €206.5m recovered was the result of investigations launched in previous years.

The figures came out in an Olaf report on anti-fraud operations in 2014.

Not all the misspent funds went missing through fraud - sometimes money was lost because of accounting errors.

The total of €901m that Olaf asked member states to recover last year was more than double the corresponding 2013 figure.

Of that 2014 total, €476.5m had disappeared from EU structural funds - also called the cohesion budget, intended to improve infrastructure in the EU's poorest regions.
http://www.bbc.co.uk/news/world-europe-32977814

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Old 04-06-2015, 08:34 PM   #2
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Amazing 65 views ...and not ONE comment .....sleep well sheeple
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Old 04-06-2015, 09:04 PM   #3
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It's only 50 million or so per country and well the BBC probably spend more than that on the unnecessary corporate catering....
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Old 04-06-2015, 09:05 PM   #4
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Crazy stuff. Here's a good question, who's more corrupt: Fifa or the EU???????
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Old 04-06-2015, 09:17 PM   #5
grannie27
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Originally Posted by xx0utkastxx View Post
Crazy stuff. Here's a good question, who's more corrupt: Fifa or the EU???????
Do you pay your taxes into FIFA ???
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Old 04-06-2015, 09:22 PM   #6
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Originally Posted by xx0utkastxx View Post
Crazy stuff. Here's a good question, who's more corrupt: Fifa or the EU???????
I reckon they are very similar and hold us in similar contempt.
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Old 04-06-2015, 11:34 PM   #7
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One bn euros across the whole of Europe 'missing'? That's nothing. That's just in the 'noise' of accountancy on that scale I'd guess. The British National Health Service alone is about £110bn or about €145bn.

I suspect any real fraud is on a much bigger scale than that.

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Old 05-06-2015, 07:20 AM   #8
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Quote:
Originally Posted by grannie27 View Post
IMO the whole of the EU "budget" is "misspent",


based on legalised theft,
extortion,
and the pretence of a mandate.
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