EU audit finds €5.2bn irregularities

Some good news for those who think shenanigans is confined to Ireland and perhaps a further withering of the once esteemed Nobel Peace Prize .

The European Court of Auditors, which is responsible for checking the finances of the EU’s institutions, said today it had found irregularities affecting 4 per cent of total spending during 2011, equivalent to around €5.2 billion. via EU audit finds €5.2bn irregularities – The Irish Times – Tue, Nov 06, 2012.

‘It’s not much,’ said Larry Bird. ‘We’ve given over 20 times that to rogue banks and unsecured bondholders.’

Hardly the point Larry – but a great one all the same!

 

Filed under: The Irish Daily Bull, bondholders, EU, euro, Europe, European Court of Auditors, financhial irregularities in europe, larry bird, nobel peace prize, The Irish Bull