Brussels, 14/07/2000 (Agence Europe) - As EUROPE mentioned briefly, the European Commission this week drew up two draft regulations aimed at improving and strengthening the financial management and control of spending relating to the Structural Funds, and which introduces a "financial correction" mechanism by which the Commission can recover, in part or in full, credits that Member States use incorrectly.
The Commission will itself adopt this "derived regulation". But the draft has first to...