Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-14-Speech-2-021"
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"en.20061114.5.2-021"2
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"Madam President, the Court of Auditors has confirmed there is no independent audit of any part of these accounts, including the treasury function, which sometimes sits on a pile of EUR 20 billion or more. I would like the Court to explain precisely how many years it has carried out a full and specific audit of the treasury function, and would also like confirmation as to how frequently, such as once annually, it might undertake such a task in the future.
The Court has also confirmed that EU funds are held in the individual Member States before being allocated for use there. The cash flow and interest-bearing consequences of that are important and hitherto unknown. Net contributors like the UK and Germany are at a disadvantage, because a large proportion of their funds are stored in recipient countries. The French, on the other hand, are always holding the funds of net contributors and routinely earning interest on the overnight money markets. How much money has been lost to British and German taxpayers through the use of this system?
Finally, I should point out that I have been asking Mr Weber these questions for over six months, and still await a reply."@en1
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