The European Court of Auditors found that controls over 86% of the EU budget are only "partially effective", this makes the 18th year running that the budget has been qualified.
To add to this annual disgrace, it transpires that the frequency rate for "material error" rose by 8% in 2011 from 36% to 44%, with £4BN in EU payments directly affected by irregularities.
The EU's response?
They intend to increase their expenditure by £95BN over the next eight years.
Who pays for this?
The hapless citizens of the EU, who are themselves being told by their EU overlords to endure years of austerity!