EU Financial Management

Will my hon. Friend also note, however, that the president of the Court of Auditors said that the court concluded that the 2004 consolidated statement faithfully reflected revenue and expenditure for the year and the financial situation of the Communities at the year end, save in respect of sundry debtors? The court went on to say that it had inadequate confidence in the way that member states were administering the budget for the common agricultural policy and structural funds. One needs to put in context what is causing the problem and what is not.