Posts tagged 'EU Budget'

Brussels’ fiscal management ‘is not yet up to standard’

Masa joined the FT in 2009 and has worked on a number of desks across the paper, including Companies, Markets and Comment. She spent much of 2010 in New York covering the US equity markets. But earlier this year she finally saw the light and moved to Alphaville.

She started her career in the investment banking division at Lehman Brothers in the summer of 2007, timing it perfectly with the beginning of the credit crunch.

She studied philosophy, politics and economics at Oxford University.

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| Nov 07 2012 10:10 | Comment |

There was good news for eurosceptics on Tuesday, as the European Court of Auditors (ECA) published its report into last year’s EU budget. The audit is already being used as yet another reason to push for a real-terms cut in the EU’s future budgets later this month.

The ECA is charged with assessing how Brussels spends its money, and its report for 2011 showed, once again, that the EU’s financial management leaves something to be desired. It found that a host of payments to EU-funded projects were affected by “material error”, with an estimated error rate of 3.9 per cent for the EU budget as a whole. Read more