Report on the proposal for a regulation of the European Parliament and of the Council on the financial rules applicable to the annual budget of the Union [COM(2010)0815 - C7-0016/2011- 2010/0395(COD)] - Committee on Budgets - Committee on Budgetary Control. Co-rapporteurs: Ingeborg Gräßle and Crescenzio Rivellini (A7-0325/2011)