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The European Union (EU) wasted a of money last year. The report on EU spending said the Union misspent five billion euros (around US$6.4 billion). The of the European Court of Auditors, the group that made the report, said the EU was very and should look after its money better. He said his team “found too many of EU money not hitting the ”. Vitor Caldeira, the Court's president, said that many Europeans have to be with their money because of the financial . He said the EU should take greater care with its budget because of the weak economies in Europe: “These problems matter more than ,” he added.

A spokesperson from the EU told reporters that the spending were under 4 per cent of the total EU budget. He this was better than the 7 per cent error rate from five years . Some of the mistakes were very big. The EU spent money on the things. One example was they gave money for training electronics employees to kinds of workers. Another was giving money to forestry projects of farming programmes. Mr Caldeira said that only two of the EU budget had no mistakes. Marta Andreasen of the UK Independence Party said the mistakes the EU was seriously mismanaged. She also said this problem should " alarm bells ".

 


 
 

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