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Auditor: EU agencies mismanaging their budgets
EU Observer ^ | 16.02.12 @ 19:19 | Valentina Pop

Posted on 02/16/2012 7:51:37 PM PST by Olog-hai

A report by the European Court of Auditors has found problems in the way the EU's 31 agencies manage their budgets. The findings are likely to fuel the debate about the usefulness of the bodies in a time of austerity.

The report—sent on Wednesday (15 February) to the European Parliament and seen by EUobserver—analyzes the costs, financial management and "operational efficiency" of 22 out of the EU's 31 autonomous agencies.

The agencies do studies on issues ranging from drug addiction to trademark registration and police co-operation. They are an object of national pride and hotly contested negotiations between member states when it comes to deciding on their seat.

In its introduction, the report notes dryly that "the first two agencies were created in 1975" and that 10 more were formed in the 1990s "after a considerable gap." The process sped up in the past 10 years, when 19 more were set up.

As most of the bodies' budgets are based on EU subsidies, the Court of Auditors looked at their book-keeping practices and found that "increased vigilance is required in respect to the establishment of an agency's budget."

Eleven out of the 22 surveyed could not properly account for half the expenses they filed in 2010, the auditors found.

(Excerpt) Read more at euobserver.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: budget; corruption; europeanunion; unelectedbureaucrats
Uh-oh. Watch for these auditors to be marginalized next, just like Bernard Connolly and Marta Andreasen . . .
1 posted on 02/16/2012 7:51:44 PM PST by Olog-hai
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To: All


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2 posted on 02/16/2012 7:54:11 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Olog-hai

UNaccountable collectives...DEFUND/DISMANTLE.


3 posted on 02/16/2012 8:07:24 PM PST by PGalt
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To: Olog-hai
This is absolutely no surprise.
Lots of money + lots of people + lots of countries = Lots of corruption.
EU is a little preview of what a World Government will look like.
Hint: Bigger won't make it any better.

4 posted on 02/16/2012 8:18:31 PM PST by BitWielder1 (Corporate Profits are better than Government Waste)
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To: BitWielder1

EU is a little preview of what a World Government will look like
Funny you should say that. Remember when Pascal Lamy called the EU the "laboratory of international governance"? An extremely corrupt system with a government modeled on the USSR should govern the entire planet? I think not.
5 posted on 02/16/2012 8:24:00 PM PST by Olog-hai
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To: Olog-hai

Throw the bums out...oh wait.


6 posted on 02/16/2012 8:24:48 PM PST by SaraJohnson
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