Financial Instruments: costs must be kept reasonable, say EU Auditors

Financial instruments, which provide EU support to recipients through loans, guarantees and equity investments, are sometimes expensive in terms of management costs and fees, according to a new report from the European Court of Auditors. The instruments operate across all Member States and are used increasingly by the EU as they may be a better Read more about Financial Instruments: costs must be kept reasonable, say EU Auditors[…]

“Real action, not just words” needed from European Institute of Innovation and Technology, say EU auditors

Real action, and not just words, will be needed if the European Institute of Innovation and Technology (EIT) is to achieve its objective of bringing together the worlds of education, science and business, according to the European Court of Auditors. In a recent report, the auditors warned that the EIT is impeded in its effectiveness by Read more about “Real action, not just words” needed from European Institute of Innovation and Technology, say EU auditors[…]