European Union Institutions

It manages the euro, defines and implements the EU's monetary policy with the goal of maintaining price stability, and oversees the stability of the financial system and inflation. What is the role of the European Central Bank (ECB)?

• To manage the euro and implement EU's monetary policy

• To regulate the stock market and oversee corporate governance

• To provide loans to member states in financial distress

• To control the fiscal policies of EU member countries

What does the European Commission do?

• It is the legislative body of the EU that creates new laws.

• It is the executive body of the EU that proposes new laws, manages EU policies and budget, and ensures enforcement of European legislation, composed of one commissioner from each member country.

• It is the judicial body of the EU that interprets EU laws and ensures justice.

• It is the advisory body of the EU that provides recommendations to member states.

What is the role of the European Council?

• It brings together the heads of state or government of the member states, defining the general political directions and priorities of the EU without exercising legislative functions.

• It is responsible for the day-to-day administration of the EU and its policies.

• It serves as the main legislative body of the EU, creating and passing laws.

• It acts as a judicial authority, ensuring compliance with EU laws and treaties.

Court of Justice of the European Union 

• It ensures that EU laws are interpreted and applied the same way in all EU countries.

• It is located in Brussels.

• It is responsible for enforcing EU trade regulations.

• It serves as the legislative body of the EU.

What is the European Parliament?

• The institution that directly represents the citizens of the EU, with members elected by universal suffrage every five years, sharing legislative and budgetary functions with the Council of the European Union.

• A body that oversees the European Central Bank and manages monetary policy for the Eurozone.

• An assembly that consists of representatives from each EU member state, primarily focused on trade agreements.

• A council that advises the European Commission on environmental policies and regulations.

What does the European Court of Auditors do?

• It monitors the proper use of EU funds, works to improve financial management of the EU, and reports fraud or irregularities, although it does not have legal powers.

• It provides legal advice to EU institutions and member states.

• It manages the budget of the European Union and allocates funds to various projects.

• It conducts audits of private companies operating within the EU.

What is the role of the European Commission?

• It proposes new laws, manages EU policies, and ensures EU laws are applied.

• It serves as the legislative body of the EU.

• It acts as the judicial authority for EU law enforcement.

• It represents the EU in international negotiations.

2. European Council 🌍

• It consists of the heads of state or government of EU countries, the European Council President, and the European Commission President.

• It is responsible for creating EU laws and regulations.

• It serves as the judicial branch of the EU.

• It focuses on economic policies and financial stability in the EU.

European Parliament 🏛️

• It is responsible for passing EU laws, approving the EU budget, and supervising other EU institutions.

• It serves as the executive branch of the EU.

• It is a judicial body that interprets EU laws.

• It is a forum for discussing economic policies among EU member states.

What is the function of the Court of Justice of the European Union?

• It ensures uniform interpretation and application of EU legislation across member states, resolves legal disputes between national governments and EU institutions, and can be consulted by individuals or organizations.

• It serves as a legislative body that creates new EU laws and regulations.

• It acts as a mediator for trade disputes between EU member states and non-member countries.

• It provides legal advice to the European Parliament on proposed legislation.