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

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