On 25 October 2011, the European Parliament debated whether to "discharge" the accounts, which formally brings to an end the budgetary cycle of the EU institutions, and allows MEPs to approve - or criticise - the way in which an institution spent its money in a particular year.

BBC: MEPs refuse to sign-off Council budget

Unless competition for oil revenue -- which accounts for roughly 20% of GDP, 95% of foreign exchange earnings, and 65% of budgetary revenues -- by various ethnic groups can be mitigated, oil-driven attacks on the world's eighth largest exporter and fifth largest supplier to the United States will likely continue apace, with devastating consequences for the U.S. and global economy.

CENTERFORSECURITYPOLICY: Nigeria ablaze