About: European Court of Auditors Archives

EU subsidies to infrastructure projects in developing countries can indirectly benefit the financial institutions that co-finance them, says the European Court of Auditors. EURACTIV.fr reports. 

Signing off on the 2013 accounts, the European Court of Auditors urged the European Commission to reorient spending towards results-oriented and added-value projects, and tighten controls.

Well-intentioned, but insufficient. In a report published Tuesday (23 September), the European Court of Auditors was highly critical of the European Commission's €1.23 billion contribution to relief efforts, following the March 2010 earthquake in Haiti, which left 230,000 dead, 300,00 injured, and 1.3 million homeless in Port-au-Prince alone.

EU countries' renewables projects have not always been the best value for money, a vital criterion if the EU is to make its 2020 target for such energy, according to the European Court of Auditors (ECA).

The European Union’s banking supervisor did not have the staff or powers to successfully stress-test EU banks’ resilience to financial shocks, according to a European Court of Auditors’ report published yesterday (2 July).

A new report by the European Court of Auditors examining the European External Action Service has found that the institution has been “inadequately prepared”, lacks resources and its tasks are “vaguely defined”.

SPECIAL REPORT / When there is less money, the only way to cope is to spend it better and more efficiently. This is the age-old principle behind Brussels' approach to the next EU budget, for 2014-2020.

The error rate on EU budget spending was almost 5% in 2012, according to the annual report by the European Court of Auditors, published on Tuesday (5 November).

A European Court of Auditors report says that the effectiveness of the EU’s €1.9 billion aid to the Democratic Republic of Congo (DRC) between 2003 and 2011 has been sorely limited, with less than half of programmes likely to deliver the intended results.

The European Court of Auditors has slammed the EU's development aid to Egypt, saying the bloc's "softly softly approach" hasn't worked and calling for better spending of taxpayers' money.

Only 10% of EU cohesion funds earmarked for energy  efficiency - in total worth €5 billion - are being used correctly, an author of a report by the European Court of Auditors (ECA) announced yesterday (14 January).

Many EU-backed sanitation and water projects in sub-Saharan Africa are unsustainable because of missing technical and financial support, says a new financial audit of more than 20 development projects.

The European Court of Auditors today (17 April) dealt a blow to the European Commission’s overhaul of agricultural policies, saying in an opinion that the proposals are “too complex” and expose the EU to possible abuse in its direct payments scheme.

The European Court of Auditors (ECA) yesterday (13 January) released a report highlighting the structural deficiencies of the European Commission's handling of the EU's instrument for pre-accession assistance (IPA) to Turkey, whilst praising the efforts of the candidate country.

The European Commission's leadership and management skills have been found wanting by a Court of Auditors report into the EU's much-delayed Galileo satellite navigation project. The report, published on 29 June, also blames individual countries for defending their commercial interests throughout the programme.

European Commission departments should cooperate more closely in spreading funding across a range of financial institutions to reduce the EU executive’s exposure to risk in the event of banking failures, found a report released yesterday (16 June) by the European Court of Auditors.

The majority of payments made by the EU in 2007 were regular, according to a report published on 10 November. But some members of the European Parliament have expressed 'acute disappointment' after auditors failed to sign off the EU accounts for the fourteenth consecutive year, identifying errors in two to five percent of payments made to the bloc's member states.

Overfishing linked to major shortcomings in the EU’s fisheries management system is endangering European fish stocks, according to a new report from the European Court of Auditors.

Auditors have failed to sign off the EU's accounts for the 13th year in a row, criticising most major areas of its expenditure.

The 2003 annual report on the EU's budget accounts
gives ample ammunition to those member states arguing for
a a tight lid to be kept on the EU's long-term
budget.

The European Court of Auditors has released a special report on 21 May, assessing the effectiveness of PHARE and ISPA aid to the candidate countries. The report states that the Commission's assistance to support institution-building in the environment sector has been only partially successful.

The European Court of Auditors was unable to adopt the EU's accounts for the sixth year in a row