Brussels, 11/12/2013 (Agence Europe) - In a special report published on Tuesday 9 December, the European Court of Auditors concludes that the Commission's verification of GNI (Gross National Income) data was not sufficiently structured and focused. GNI is a macro-economic indicator measuring the wealth of a country. It is used as the basis for calculating the most significant part of income to the EU's budget. Contrary to GDP, GNI incorporates net income from abroad.
The Court found that...