EU Fight Against Fraud and Corruption

Summary

A resolution addressing the fight against fraud and corruption within the EU budget, calling for stronger legal tools and better cooperation.
10 08.03.2016
Other
economy
civil law
criminal law
social policy
european union
budgetary control
administrative law
public administration
public finance and budget policy

Key points

  • The report highlights a significant rise in financial irregularities, with fraudulent cases involving hundreds of millions of euros.
  • Corruption is identified as a major economic drain, costing the EU economy an estimated 120 billion euros every year.
  • There is an urgent call for the adoption of the PIF Directive and the establishment of a European Public Prosecutor's Office to strengthen criminal law enforcement.
  • The resolution stresses the importance of protecting whistleblowers to ensure that fraud can be reported safely and effectively.
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