Court of Auditors: MEPs back five members

This article is brought to you in association with the European Parliament. MEPs on Tuesday voted to endorse two new members of the European Court of Auditors (ECA) and renewed mandates for three members, including its president. New members: France and Luxembourg François-Roger Cazala, nominated by France, was backed by MEPs by 568 votes to 42, […]

Court of Auditors: EU spending infested with errors well above the materiality threshold of 2%

Last Thursday 13 October, the European Court of Auditors, the institution which carries out the audit of European Union finances, published its report on the implementation of the 2015 EU budget. In the chapter of revenue transactions the ECA found no errors. As expected though, the picture changed drastically when the Court audited the expenditure […]

The 28 EU leaders care more about fiscal orthodoxy than effectively fighting youth unemployment

Last week the European Court of Auditors (ECA) published a report on the “risks to the successful implementation of the EU Youth Guarantee”. The ECA review, while noting that according to the Commission the available funding for this much advertised EU project is estimated at €16.7 billion for the 2014-2020 period including national resources, it […]

Auditors say EU spending delivers limited value for money but the timing of their report poses questions

The European Court of Auditors (ECA) in a report that was published yesterday reveals that the EU spends billions to help the rural economy restructure but with poor results, delivering “only limited value for money”. EU spending on agriculture be it production and producer subsidies or supporting structural investment plans has being traditionally criticised not […]