EU growth funds lie idle under red tape

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Series Title
Series Details 30.11.10
Publication Date 30/11/2010
Content Type

A major joint investigation between the FT and the Bureau of Investigative Journalism into how the European Union structural funds are spent.

As EU Member States begin negotiations for the next funding round for the EU Budget Framework (2014-2020) and, by extension, for the EU's Structural and Cohesion Funds, and the European Commission prepares to review the very framework on which regional policy is based, the project attempted to answer two simple questions: Where does the money go? And is EU's regional policy achieving what it has set out to do?

The investigation raises serious questions about the efficacy of EU spending and whether the Commission can rely on hundreds of separate authorities to police the spending of European taxpayers’ money.

Major feature. For access to a specially created FT database, videos, charts and more articles you will need to access the full report via the related url hyperlink.

Related Links
ESO: Background information: Regional aid needs accountability http://www.europeansources.info/record/regional-aid-needs-accountability/
ESO: Background information: Fifth report on economic, social and territorial cohesion http://www.europeansources.info/record/fifth-report-on-economic-social-and-territorial-cohesion/
Website: Bureau of Investigative Journalism http://thebureauinvestigates.com/
BIJ: Press Release, 29.11.10: Europe’s hidden billions: Tracking the EU’s Structural Funds http://thebureauinvestigates.com/2010/11/29/top-story-4/
BBC: File on 4, 30.11.10: Europe's Missing Millions http://www.bbc.co.uk/programmes/b00w7bv7
EUObserver, 1.12.10: Weapons makers, multinationals among top beneficiaries of EU regional funds http://euobserver.com/9/31387
European Commission: The Commissioners (2010-2014): Johannes Hahn: Headlines: News: Statement by Johannes Hahn, Commissioner for Regional Policy, on today's articles in the press, 30.11.10 http://ec.europa.eu/commission_2010-2014/hahn/headlines/news/2010/11/30/index_en.cfm
Financial Times, 30.11.10: Incohérente politique de cohésion (via PressEurop - other language versions also available) http://www.presseurop.eu/fr/content/article/410751-incoherente-politique-de-cohesion
EurActiv, 1.12.10: Commission defends slow pace of EU fund payments http://www.euractiv.com/regional-policy/commission-defends-slow-pace-eu-news-500160

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