I have held the position of
Chief Accounting Officer at the European Commission before becoming an MEP. So
I have direct experience of the inner workings of a supranational governmental
organisation - the European Union – which make the relatively poor standards of
national government accounting look good.
The European Union as an
accounting entity is large but not overwhelmingly so. For 2012 the budget for
all the European institutions allows for commitment appropriations of €147.2bn
and payment appropriations of € 129.1 bn. 
To put these figures into context, the general government spend for Greece in
2011 according to Eurostat 
was €107.8 bn. That of Denmark was around €138.9 bn - the government spend of
these two countries is closest in size to the EU budget. Greece has a
population of around 11 million and Denmark around 5.5 million, compared with a
total population for the Member States of around 502.5 million.