New EU prosecutor's body

The European Commission is planning to establish a European Public Prosecutor's Office. The international body is supposed to investigate and prosecute crimes affecting the EU budget and funds, in particular, inappropriate expenses and embezzlements. According to the EU commissioners, the new prosecutor's office will have a lot to do, because the corresponding authorities annually bring up to 2,500 criminal cases concerning the budget misappropriation. "The European Public Prosecutor's Office will ensure that protecting the EU budget is given proper priority throughout Europe. It will bridge the gap between Member States' criminal systems, whose competences stop at the national borders, and Union bodies that cannot conduct criminal investigations," EU's Tax and Anti-Fraud Commissioner Algirdas Semeta said. Currently, the given problems are resting on the local authorities' shoulders. The European Public Prosecutor's Office, which will contain one prosecutor and four deputies, will be headquartered in Brussels. The investigations will be conducted by European delegated prosecutors located in each member state. The protection of taxpayers' money and effective tackling of fraud involving the EU funds are quite timely considering today's mass bailout for the suffering countries. After the project gets approval from the Parliament and Council, the EU will appoint an official responsible for each embezzlement in the EU.