According to the European Court of Auditors in a report published on Thursday 23 November, the two new provisions introduced in the financial regulations governing cohesion expenditure in the EU, the ex-ante conditionalities and the performance reserve, are innovative but not sufficiently effective.
Ladislav Balko, a member of the European Court of Auditors responsible for the report stated, “If these new requirements are to produce the intended impact, they will need to be changed and the...