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> The Council of Ministers only nominates the various members of the Commission

That's not right, in practice. Each member government appoints a commissioner. The Council of Ministers is nothing more than an ad-hoc meeting of relevant ministers from member governments, whose membership varies depending on what is being discussed. The parliament always approves all the proposed commissioners. The parliament can dismiss a commissioner, but only by dismissing the entire commission. This has only ever happened once, when it became obvious that most of them were crooks.

> fraud carried out by Greece itself, without the EU's knowledge

There was "fraud" by Greece; they weren't prepared to balance their budget. But actually everyone knew about it; it wasn't fraud in the sense of covert shenanigans. Government budgets tend to be public information. Germany, in particular, wanted Greece to accede.



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