Up to €2.2bn of public funds stolen in eight EU states

Up to €2.2 billion was stolen in public and EU funds in eight member states in 2010, according to a report commissioned by the EU anti-fraud agency Olaf. France, Hungary, Italy, Lithuania, the Netherlands, Poland, Romania and Spain were selected at random for the study.

The study said the cost of corruption is equivalent to 3 to 4 percent of the total procurement budget.

• Primary Source

ESO: Background information: Stolen EU funds in the billions, top official says http://www.europeansources.info/record/stolen-eu-funds-in-the-billions-top-official-says/

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