Brussels, 27/03/2001 (Agence Europe) - The European Court of Auditors has recently adopted a highly critical report on the Community initiative in favour of urban areas (URBAN), which allocated approximately EUR 900 million in grants to 118 zones between 1994 and 1999. The Court feels that the targets were too vague and were not properly monitored. While URBAN "has supported the implementation of many urban development projects in 118 areas in the European Union and enabled local authorities...