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GUIDELINES DUE ON EURO FUNDS

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The European Commission is to issue guidelines to clarify which types of expenditure can be part-financed from the ...
The European Commission is to issue guidelines to clarify which types of expenditure can be part-financed from the structural funds budget of the European Union.

The guidelines were proposed by Anita Gradin, commissioner responsible for financial control, and their adoption is a response to criticisms by the court of auditors.

Ms Gradin said the lack of clear guidelines had been a major cause of concern for the EC and for member states.

She said: 'The commission has now decided on guidelines for more than 20 problematic areas such as purchase of land, financial and banking charges, leasing and legality of commitments at member state level.'
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