Now that the United states of Europe is pretty well up and running..

[R1Geezer]

Do you think they'll be able to get a set of audited accounts signed off after 14 years of trying?

[Gromit]

Unlikely.

And the more the EU enlarges, the less likely they are of being able to manage the process in future.

[kinell]

we could let romania be the european accountant

at least we would know the location of all our money

still lost forever though

[jake-the-peg]

When did the UK last have an audited set of accounts?

[jake-the-peg]

This is another typical misleading piece of propaganda.

The auditors have always declared EU counts to be reliable

Fraud is estimated at 0.09% of the total budget

http://news.bbc.co.uk/1/hi/world/europe/6078982.stm

I wonder what percentage of the DHSS budget is fraudulently claimed!

And they are persuing prosecutions for fraud against MEPs like Tom Wise who was a member of...wait for it

UKIP!!!

[youngmafbog]

Are you saying it is not true then Jake or are you giving a Noo labour spin on it ?

[Sandy-Wroe]

Romanians are amateurs compared to Bulgarians. They should be appointed auditors for the new united states of Europe.

[birdie1971]

EU Budget for 2008 was 116.5 billion euros.

http://ec.europa.eu/budget/index_en.htm

Or to give such a massive figure it's proper due, it looks like this...
116,500,000,000 euros.

So if fraud accounts for a 'petty' 0.09%, that's 104,850,000 euros.
So approximately, 105 million euros, in one year... but the accounts have not been
signed off for 12 years... assuming a similar figure for each year, that figure now
stands at 1.26 billion euros.

Over 1 billion euros have 'not been accounted for' which translates into English as 'stolen'.

Anyone who thinks this is not a significant amount of money to disappear must have very
deep pockets indeed.