Accounts not signed off
The last time I looked at this appalling state of affairs was when the Court of Auditors had not signed off the EU accounts for the tenth or twelfth consecutive year. Starting to check just now, for I really can't see that there has been any improvement in more recent times, the first thing that appeared was this:
""Based on our findings, we believe policy makers need to develop a wholly new approach to the management of EU spending and investment."
http://www.eca.europa.eu/en/euauditinbrief-2014/Pages/euaditinbriefdefault.aspx
Indeed, it seems to me what's needed is a wholly new approach to the EU as a whole.
Biting the hand that feeds IT
