EU
freezes millions in assistance to Bulgaria
July 23, 2008 7:53 AM
BRUSSELS, Belgium-The European Union has suspended almost €500
million (US$800 million) in assistance to Bulgaria because of alleged corruption
and spending irregularities in the Balkan country.
The European Commission says the funds will not be paid out because
Bulgaria has made little progress in reforming its judiciary and fighting
organized crime and corruption in the 18 months since it joined the bloc.
It says spending irregularities are so serious, the accreditation of
two government agencies disbursing EU funds will be canceled.
In comments made Wednesday, the commission also said Bulgaria has failed
to convict fraudsters, one of the conditions on which it was admitted into
the bloc in 2007.
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