Abstract
IMPACT The historical evolution of financial error rates in the EU’s Cohesion and External Action programmes between 2000 and 2020 conveys a story of success. As a result, the respective designs can be seen as positive exemplars for the management of grant programmes. Two lessons can be learnt. First, that there is a tendency towards an incremental complexity in multi-level financial management systems. Second, that this complexity can be optimally faced with a greater institutionalization of the co-ordination between control subsystems.
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