The backlog of money the European Union must pay from its budget reached a new high of €267 billion at the end of 2017, the European Court of Auditors (ECA) warned on Tuesday (2 April) and urged the Commission to reduce it.
A report by the European Court of Auditors Risk on the effectiveness of Public-Private Partnerships (PPPs) in Europe has found significant shortcomings ranging from insufficient competition and significant delays to cost increases and lack of comparative analyses.
TV channel owners opened a new row with the Syriza-led government when they asked the country's administrative court to exempt its top executives from filing a wealth statement, citing privacy concerns.
The sale of three small Italian banks, rescued in 2015, to bigger rival UBI has been delayed by at least a week at the request of the European Commission, three sources close to the matter have told Reuters.
A quarter of a century after the summit in the Dutch town of Maastricht that gave birth to the euro, the EU will mark the anniversary today (9 December) with little fanfare as it battles a wave of crises.
Ireland's parliament battled through an ill-tempered debate on Wednesday to vote in favour of appealing a European Commission ruling ordering the country to collect billions of euros in unpaid taxes from tech giant Apple.
Britain set out plans on Wednesday (17 August) to punish financial advisers who tell their clients how to avoid paying tax, including hefty fines designed to target what it called the "supply chain of tax avoidance".
Some of Spain's top football teams - including Real Madrid and FC Barcelona - will have to pay back illegal public aid worth up to €70 million as it represented “an unfair advantage” versus other teams, the Commission said on Monday (4 July).
The extent to which member states make pertinent information about companies available to the public varies widely. This has to change if anything is to be learned from the Panama Papers scandal, writes Daniel Castro.
The Commission sees the creation of a 'black list' of prohibited non-audit services and the rotation of audit firms as essential to restore investor trust and is pushing for these rules - and changes to EU auditing standards oversight - to be agreed before the end of the European Parliament's term next spring, says Ugo Bassi.
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