The European Commission applied financial corrections of EUR 139 million to Romania last year, more than double from the total of EUR 53 million in 2011, according to the financial report for 2012, recently published by the EC.

The highest financial correction was applied to Spain - EUR 2.1 billion, followed by Italy with EUR 275 million, Greece with EUR 262 million and Poland with total financial corrections of EUR 162 million.

No financial correction was applied to Luxembourg, Malta and Slovenia in 2012.

The figures are taken from the 2012 consolidated annual accounts of the European Union and are provisional, pending the final audit opinion of the Court of Auditors.

Irina Popescu, irina.popescu@romania-insider.com