Little Control Over Big Money

This news you read?

 

BILLIONS of euros in European aid to the Palestinians may have been misspent, squandered or lost to corruption, according to a damning report by the European Court of Auditors, the Luxembourg-based watchdog.  

Brussels transferred more than £1.95bn to the occupied territories of Judea and Samaria between 2008 and 2012 but had little control over how it was spent...EU investigators who visited sites in Jerusalem, Gaza and the West Bank noted “significant shortcomings” in the management of funds...The auditors complained about the lack of measures to mitigate “high-level” risks, such as “corruption or of funds not being used for their intended purpose”.

Oh, my. 

That's $2.64 billion.

But didn't we say that would happen?

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