Luxembourg, 13/04/2000 (Agence Europe) - The General Affairs Council this week discussed, on request from Germany and Spain, the financial difficulties of the Institute for EU/Latin American relations (Irela), based in Madrid, financed by the European Commission and lead by a German.
Following punctual audits and reports by the Court of Auditors bringing into question the financial management of Irela, the European Commission decided to suspend the subsidy of around EUR 2 million per year....