DISGRACE: Now EU wastes £450 million on ‘profligate’ scheme to improve trees
Warning – before you read further, take deep breaths and stay away from sharp items…
THE EU has been slammed by its own watchdog for wasting £450million on a flawed grant scheme to improve forests.
The European Court of Auditors said the scheme was riddled with “deficiencies in the programme across the board”.
And it was not possible to tell whether the grants had helped because member states were not even required to value the forests before getting the money.
The ECA found that grants were made over the past five years to projects that were not eligible for the cash.
And it said the costly scheme went ahead even though the EU had not analysed the forestry sector “so as to justify specific financial support aimed at improving the economic value of forests”.