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Reading says an estimated €500 million is stolen every year from the EU budget (Photo: tpholland)

EU-wide prosecutor to launch own criminal investigations

The European commission published plans on Wednesday (17 July) for a European Public Prosecutor (EPPO) as part of efforts to clamp down on fraud committed against the EU budget.

“The European Commission is delivering on its promise to apply a zero tolerance policy towards fraud against the EU budget,” EU justice commissioner Viviane Reding said.

The EPPO will have the power to conduct, prosecute, and bring to justice its own EU-wide criminal investigations in co-ordination with me...

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Reading says an estimated €500 million is stolen every year from the EU budget (Photo: tpholland)

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