Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-06-Speech-1-102"

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"Mr President, I am also able to give my full support to Mr Bösch’s report, which is both constructive and perceptive. Mr Bösch pointed out that we still have too much fraud, and that is a view I can only endorse. I think there may be said to be two problems. The way Mr Bösch expressed this was to say that EU money has a different value in the Member States than the Member States’ own money. This is a problem that the former President of the Court of Auditors, Professor Friedmann, addressed years ago. The way he put it was to say that we cannot continue to provide aid in this form. Instead, we must give countries cheap loans, as in that way they will have to pay the money back and be careful about what they use it for. The second problem is that EU legislation and administration is still not good enough. There are still too many cases in which the money goes into the wrong pockets or in which we do not get value for money. I was talking recently with a Danish expert who works for a private firm and for the EU in the former Yugoslavia, and he reported that the aid provided by the World Bank, the EBRD and the EIB is monitored quite differently. In contrast, the EU lets things slide. When the money is used, all is well. This is something we need to have looked into so that we are as proficient as the World Bank and the other big banks in ensuring that the money is used correctly."@en1

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