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Europe Daily Bulletin No. 7698

3 May 2000
Contents Publication in full By article 27 / 56
GENERAL NEWS / (eu) eu/latin america
Council asks Commission to find a solution to avoid closure of Irela while awaiting audit report in financial management

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....

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