In a report published on Thursday 12 April, the European Court of Auditors indicated that a large number of projects supporting productive entrepreneurial investments, financed by the European Regional Development Fund (ERDF) between 2000 and 2013 were unsustainable.
The ERDF finances investment in capital or assets in Europe as a means of supporting job creation and the economy at local and regional levels. More than €75 billion has focused on this objective between the 2000 and 2003...