EPPO is a four-letter word with a unique spelling that can be explained using the International Phonetic Alphabet (IPA). The word is pronounced as "e-poh" with an emphasis on the first syllable. The initial vowel sound is similar to the "e" sound in "end." The following consonants sound like the "p" in "pen" and the "oh" sound in "go." While the spelling may seem unusual, it reflects the simple yet distinctive sound of the word.
EPPO stands for the European Public Prosecutor's Office. It is an independent body established by the European Union to combat fraud and other criminal offenses against the EU's financial interests. The EPPO was formally established in 2017 and became operational in 2021.
The main objective of the EPPO is to ensure the effective investigation, prosecution, and adjudication of offenses affecting the EU's budget. These offenses include major cases of fraud, embezzlement, corruption, money laundering, and cross-border organized crime related to EU funds. The EPPO has the authority to investigate and prosecute these crimes, working closely with the national authorities of the participating EU member states.
The EPPO consists of European delegated prosecutors from each participating country, who work together to coordinate and carry out investigations and prosecutions. The delegated prosecutors operate under the European Chief Prosecutor, who is responsible for the overall management and supervision of the EPPO.
The EPPO aims to enhance the protection of the EU's financial interests and to ensure a consistent and uniform approach to prosecuting crimes that harm the EU budget. It promotes closer cooperation between national authorities, exchanging information and best practices, and harmonizing legal procedures and standards across the EU.
By establishing the EPPO, the EU seeks to strengthen its fight against fraud and corruption, providing an efficient and specialized body dedicated to addressing offenses that undermine the EU's financial stability.