EU funds to build a stronger Europe are tied up in red tape :: The Bureau of Investigative Journalism

Billions of euros of EU funds to promote growth in Europe’s rundown regions are lying idle because cash-strapped national governments cannot find the necessary matching funds to release the money.<br />
// Internal documents from the European Commission, obtained by the investigation, show that the EU has paid out only 10 per cent of the €347bn allocated by its flagship fund, even though it is more than halfway through its seven-year spending cycle.