Europe: Virus response opens way for corruption: EU chief prosecutor

The promise of vast sums of European Union aid to countries affected by the coronavirus and less oversight over the funds is likely to lead to a surge in fraud and corruption, the EU’s chief prosecutor said in an interview.

While the details of the EU’s COVID-19 stimulus package are still being hammered out, leaders are expected to agree a sum of up to 2 trillion euros in the coming weeks, with the funds coming via the EU budget.

Officials still need to agree whether disbursements will be made as loans or grants, what regions need to do to qualify and how the use of funds will be tracked, but recipients want greater flexibility to ensure payments can be made quickly.

The full original article can be found at reuters.com

(Photo: REUTERS/Yves Herman)

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