The European Court of Auditors (ECA) has refused to sign off the EU’s fraudulent and corrupt accounts for the 13th year running.

Their report criticies nearly every major area of spending.  UKIP’s new Party Treasurer, Marta Andeasen, reckons that 80% of the EU’s accounts are fraudulent and she’s better placed than most having been sacked as the European Commission’s chief accountant for refusing to sign off their fraudulent accounts.

Only 40% of the accounts have been signed off by the ECA as legitimate, something the Vice President of the European Commission seems to think is an achievement to be proud of.  The directors of a company attempting to file accounts with Companies House, 60% of which has been ruled to be fraudulent, would find themselves in prison but European Commissioners have immunity from prosecution and are therefore free to steal as much of our money as they want without fear of prosecution.

In response to the rampant fraud, Federal Europe has suspended £1.2bn of payments to “English regions” and is blaming member states for audit failings.  The European Commission is complaining that it can’t do much when 80% of money is disbursed by member states.  I think we can all see where that is going …

Technorati Tags: EU, Fraud, Corruption