[url=http://www.taxpayersalliance.com/news/individual_blog.php?post_id=462]TPA [/url] said:
...Every public company in the EU must present its annual balance sheet according to strict rules, yet the EU itself produces accounts that break all the rules it imposes on everyone else. They don't use double-entry bookkeeping; tens of billions of euros float in and out of the books without explanation, and year after year the EU's Court of Auditors refuses to approve the accounts, because they are riddled with "material errors" and "irregularities"...
...it was impossible to discover where most of this money had come from or gone to, because the accounts do not use the double-entry system used by every corner shop. They are just a maze of meaningless figures...
...It is possible to work out that the average salary of the Commission's 22,657 employees is eur 159,465 (which may account for that rather hefty pension liability - Lord Kinnock alone receives some £175,000 a year for his decade in office). But the accounts do not even provide such basic information as how much each country pays in and takes out...
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