Surprise! EU auditors find billions of euros missing in WB/Gaza

From the Sunday Times:

BILLIONS of euros in European aid to the Palestinians may have been misspent, squandered or lost to corruption, according to a damning report by the European Court of Auditors, the Luxembourg-based watchdog.

Brussels transferred more than £1.95bn to the occupied territories between 2008 and 2012 but had little control over how it was spent, the auditors say in an unpublished report seen by The Sunday Times.

EU investigators who visited sites in Jerusalem, Gaza and the West Bank noted “significant shortcomings” in the management of funds sent to Gaza and the West Bank. Gaza is controlled by Hamas, which is classified as a terrorist organisation by the EU.

The auditors complained about the lack of measures to mitigate “high-level” risks, such as “corruption or of funds not being used for their intended purpose”.

A spokesman for the court declined to comment.

No way! You mean that the PA under super-PM Salam Fayyad hasn't shed its decades-long reputation of corruption and theft of international funds? You mean that the hundreds of NGOs in Gaza and the West Bank aren't responsible with all the money being sent to them?

But...but...they are so moderate! They wear ties! They are modern, Western-style institutions, only interested in building a nation! We've been told this dozens of times by politicians and pundits - what possible incentive do they have to downplay corruption and theft in the PA while they blame Israel for everything under the sun?

Say it ain't so!

In a completely unrelated story, France just pledged €24 million to the PA the day after the PA honored the murderer of a French tourist. I'm sure that money will go to good use - like paying the salaries of other terrorists and their families, which takes up 6% of the PA budget.

(h/t Arsen)