Protecting the EU's Financial Interests
Towards a European Public Prosecutor
Between 400 and 600 million Euro of the EU budget are lost every year as a result of suspected fraud. This does not include the financial damage resulting from irregularities that amount to 1.2 billion Euro. It can be assumed that the overall financial damage caused by fraud is even higher. The increasing frequency and magnitude of transnational fraud clearly goes to the detriment of the EU's financial interests, which need to be better safeguarded and protected against fraud.
The European Commission's legislative proposal for a "Directive on the Protection of the European Union's Financial Interests (PIF Directive)" represents one of the major projects of the European Commission in 2013. Article 86 of the Treaty on the Functioning of the European Union is of vital importance in this matter because it foresees the establishment of a European Public Prosecutor's Office (EPPO). The EPPO promises to improve cross-border prosecution, thus combating crimes affecting the financial interests of the EU much more effectively.
Panelists from different institutions – the Council of the European Union, the European Commission, the European Parliament, and from the OECD – will be discussing the concept, and implementation of the EPPO, while also addressing key questions of the potential new institution.
About the Organiser
ALDE is the third largest political group in the center of the European Parliament, currently with 85 mostly liberal MEPs, holding the balance of power between the left and right. ALDE is led by former Belgian Prime minister Guy Verhofstadt.
ALDE is a pro-European party and has European Parliament MEPs from 21 of the 27 member states who come together with shared values and a positive vision for the European Union.