EU INSTITUTIONS AND THEIR THE EUROPEAN PARLIAMENT FUNCTION The only directly elected EU body, this represents the EU’s 446 million inhabitants and plays a key role in The EU triangle: electing the President of the European Commission. It - The European shares power over the EU budget and legislation with Parliament the Council of the European Union. - The Council of the EU = The Council of THE EUROPEAN COUNCIL Ministers The EU’s broad priorities are set by the European - The European Council, which brings together national and EU-level Commission leaders. It is led by its president and comprises national Heads of State or Government and the President of the Commission.
THE COUNCIL OF THE EUROPEAN UNION
= THE COUNCIL OF MINISTERS The Council of the European Union represents the governments of the individual Member States. The Presidency of the Council is shared by the Member States on a rotating basis.
THE EUROPEAN COMMISSION
The EU’s executive body, it is responsible for proposing and implementing EU laws, monitoring the treaties and the day-to-day running of the EU.
THE EUROPEAN COURT OF JUSTICE
The highest court in matters of EU law. It interprets and ensures equal application of EU law across all Member States.
THE EUROPEAN COURT OF AUDITORS
The Court of Auditors audits EU finances. As an external auditor, it contributes to improving EU financial management and acts as the independent guardian of the financial interests of EU citizens.
THE EUROPEAN CENTRAL BANK
The central bank for Europe’s single currency, the euro, its main task is to maintain the euro’s purchasing power and thus price stability in the euro area.