The loss of €230,000 of EU taxpayer money following the bankruptcy of its recipients is unfortunate, but unavoidable, said Bert De Colvenaer, a high-up EU civil servant who heads an EU public-private partnership for electronic components and systems.
"I don't like cowboys and we are not charity - but if we don't take any risk, there will be nothing to gain," De Colvenaer told EUobserver in an interview.
De Colvenaer is the executive director of the joint undertaking - EU jargon fo...
Back our independent journalism by becoming a supporting member
Already a member? Login here