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Europe Daily Bulletin No. 10744

5 December 2012
Contents Publication in full By article 16 / 29
SECTORAL POLICIES / (ae) european funds
€200 billion embezzled every year

Brussels, 04/12/2012 (Agence Europe) - On Monday 3 December, MEPs from the special anti-corruption and organised crime committee (CRIM) examined the issue of embezzlement of European funds and their laundering by the Mafia. The two S&D MEPs who wrote a report on the subject, Barbara Weiler from Germany and Tanja Fajon from Slovenia, estimated the overall cost of this fraud at around €200 billion a year.

Structural and CAP funds are most affected. VAT fraud is the most widespread kind of...

Contents

ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
BUSINESS NEWS NO 42