Commenting on a new Commission report
that assesses the roll-out of EU cohesion policy for 2007-2013 (March 31), UKIP MEP Marta Andreasen
said "the assessment seems to be out of touch with reality."
"Aimed mainly at job growth, the youth unemployment rate throughout Europe, ranging from 15% in the UK to 45% in Spain, does not allow any satisfaction over the efficiency of this Cohesion policy," Ms Andreasen said.
"This policy costs taxpayers a lot of money and it is the area where the Auditors say the highest level of 'errors' occur," she concluded.
According to the Commission's report, a total of €93 billion (£83 bln) amounting to 27% of EU funding has been channeled over the past three years towards growth and jobs in the EU.
The Cohesion Fund, together with two other funds - the European Regional Development Fund (ERDF) and the European Social Fund (ESF) - will cost EU taxpayers a total of €347 billion (£309 bln) for the 2007-2013 period, which represents 35% of the total EU budget of €975 billion (£868 bln).
February 2010: Euro area unemployment rate at 10%, EU27 at 9.6% - Eurostat