Edition: International | Greek
MENU

Home » EU Actually

THE WEEK THAT WAS... (Apr. 22, 2013)

EBR Chief-editor’s Monday Morning Column. This week N. Peter Kramer writes about "Conservative victory: a European Commissioner for budget control!"

By: EBR - Posted: Monday, April 22, 2013

"If the Commission thinks that this is a stable situation we have part of the explanation for that rising error rate: complacency is breeding contempt for the public purse”, Philip Bradbourn, Conservative spokesman on budgetary control.
"If the Commission thinks that this is a stable situation we have part of the explanation for that rising error rate: complacency is breeding contempt for the public purse”, Philip Bradbourn, Conservative spokesman on budgetary control.

When the European Parliament last week, in its plenary Strasbourg session, voted on discharging the 2011 accounts of a string of European institutions (including the Commission, the Parliament itself and a string of agencies) Conservative MEP’s have, as they call it themselves, ‘once again fought to defend the interests of Europe's taxpayers’ by refusing to agree to the formal signing off of the annual accounts.

When the Court of Auditors released its annual report on the 2011 accounts last year, the European Commission's official response was that the report showed the situation was "stable". In fact the audit showed that the overall error rate - the money mis-spent, misappropriated or inadequately accounted-for - had risen for the third year in a row and now stood 3.9 per cent: the amount of money the Commission considers being at risk across the EU budget as a whole has quintupled from €0.4 billion in 2010 to €2 billion in 2011.

"If the Commission thinks that this is a stable situation we have part of the explanation for that rising error rate: complacency is breeding contempt for the public purse”, Philip Bradbourn, Conservative spokesman on budgetary control.

As expected the Conservative MEP’s were overruled by a majority of the Parliament. But they won a significant victory by gaining majority support for their amendment calling for a dedicated EU Commissioner to be responsible full time for budgetary control.

A day after the vote in the EP, the House of Lords EU Committee published its report on the EU's finances. It concludes that the amount of fraud acknowledged by the European Commission at €404 million offers "only a glimpse" of the true level. The real figure is close to a staggering €5 billion, states the report.

I am afraid that British enthusiasm for Europe is not in the lift…

READ ALSO

EU Actually

A UK-US deal sounds good but what does it mean

N. Peter KramerBy: N. Peter Kramer

After Prime Minister Sir Keir Starmer’s visit to the White House in February, the UK delegation referred to what was being negotiated as an "economic deal"

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

What Le Pen’s sentence means for the rule of law in Europe

What Le Pen’s sentence means for the rule of law in Europe

Marine Le Pen’s conviction for embezzlement and ban from elected office have sparked accusations from far-right and populist movements of antidemocratic behavior. But the ruling shows that attachment to the rule of law is resilient, and upholding it is the only way to counter claims that the system is rigged

Business

Why the best companies don’t just innovate – they reinvent how they manage

Why the best companies don’t just innovate – they reinvent how they manage

In 2005, Chinese home appliances giant Haier faced a defining moment

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron