€120.7 billion for the year 2007. From wiki. It's not so much it just has budgetary powers, but it must also approve most of the EU directives: http://en.wikip

€120.7 billion for the year 2007. From wiki. It's not so much it just has budgetary powers, but it must also approve most of the EU directives: http://en.wikipedia.org/wiki/European_Parliament#Legislative_procedure http://en.wikipedia.org/wiki/European_Parliament#Legislative...