Ministers meeting in Luxembourg yesterday (7 June) approved an overhaul of how the EU collects data from the bloc's public accounts, after Greece was caught tampering with the size of its deficits and amid fears that Hungary is doing the same.
All EU member states have made considerable efforts to work through their backlog in transposing EU legislation, the new Internal Market scoreboard says. The EU-10 have in many cases done better than the EU-15.
Following the revelation that Greece has been underreporting its
public deficit since before it joined the eurozone, CEPS Director
Daniel Gros proposes, inter alia, the creation of (national)
Independent Budget Agencies.
On 25 September, Commission President Romano Prodi will report to the European Parliament about the results of the Commission's inquiry into alleged irregularities at the EU's statistical office, the Eurostat.
The former director of Eurostat Yves Franchet, who was suspended in May this year following a financial scandal at the EU statistics office, says the Commission had all his internal audit reports since February 2000.