EU Public Private Partnerships suffer from widespread shortcomings and limited benefits

The European Court of Auditors (ECA), the European Union’s very own Financial Watchdog, has slammed Public Private Partnerships in a no-holds-barred report. “EU co-financed Public Private Partnerships (PPPs) cannot be regarded as an economically viable option for delivering public infrastructure,” reads the opening line of the ECA’s press release, calling into question the EU’s long-entrenched promotion of the controversial funding mechanism. Speaking ahead of the ECA’s report release, PSI Deputy General Secretary, David Boys said: “For decades trade unions, civil society groups and the wider public fought against the failed privatisation agenda. Now that the EU’s very own financial watchdog is clearly saying PPPs are a bad idea, it’s surely time for leaders to take note.”