EU: Financial Management and Fraud (EUC Report)

My Lords, the noble Lord mentioned Mr Ed Balls’ initiative, and I do not know whether the Minister will also mention it. Did they see the letter from Mr Dixon, the chief counsel of the Institute of Chartered Accountants, that was published recently in the Financial Times? Completely independently, he dismissed Mr Balls’ initiative and concurred with Mrs Andreasen that the problems lie within the Commission, not within member states.