Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-703-000"
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"en.20111115.34.2-703-000"2
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"Mr President, as stringent austerity measures are being introduced across Europe out of necessity, and democratically elected governments are being dismantled and replaced by technocrats backed by the EU, the self-same Union’s Court of Auditors has found unforgivable budgetary flaws, including EUR 3.2 billion squandered overseas, at a time when European Union Member States are in dire financial crisis. Those EUR 3.2 billion are effectively unaccounted for, due to non-compliance with procurement procedures and VAT and a host of ineligible activities in European Development Fund projects.
The eurozone has had to turn to the developing world to ask for help as it is heading towards ruination due to the inept handling of the common currency. Yet, at the same time, vast amounts of money are simply being lost abroad.
Foreign aid should be the sole concern of individual countries and should relate to the nation’s foreign policy and development-funding ethos. It should not be the concern of the EU, which has been proven, time and again, as unaccountable and ineffective."@en1
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