Institutions of the European Union in the context of "Euro"

⭐ In the context of the Euro, Institutions of the European Union is considered…

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⭐ Core Definition: Institutions of the European Union

The institutions of the European Union are the seven principal decision-making bodies of the European Union and Euratom governed under the Treaties of the European Union and European Union law. They are, as listed in Article 13 of the Treaty on the European Union:

Institutions are distinct from both advisory bodies to the European Union and agencies of the European Union.

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Institutions of the European Union in the context of Eurostat

Eurostat ("European Statistical Office"; also DG ESTAT) is a department of the European Commission (Directorate-General), located in the Kirchberg quarter of Luxembourg City, Luxembourg. Eurostat's main responsibilities are to provide statistical information to the institutions of the European Union (EU) and to promote the harmonisation of statistical methods across its member states and candidates for accession as well as EFTA countries. The organisations in the different countries that cooperate with Eurostat are summarised under the concept of the European Statistical System.

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Institutions of the European Union in the context of Member state of the European Union

The European Union (EU) is a supranational union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government. State governments must agree unanimously in the Council for the union to adopt some policies; for others, collective decisions are made by qualified majority voting. These obligations and sharing of sovereignty (also known by some as "pooling of sovereignty") within the EU make it unique among international organisations, as it has established its own legal order which by the provisions of the founding treaties is both legally binding and supreme on all the member states (after a landmark ruling of the ECJ in 1964). A founding principle of the union is subsidiarity, meaning that decisions are taken collectively if and only if they cannot realistically be taken individually.

Each member country appoints to the European Commission a European commissioner. The commissioners do not represent their member state, but instead work collectively in the interests of all the member states within the EU.

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Institutions of the European Union in the context of Treaties of the European Union

The Treaties of the European Union are a set of international treaties between the European Union (EU) member states which sets out the EU's constitutional basis. They establish the various EU institutions together with their remit, procedures and objectives. The EU can only act within the competences granted to it through these treaties and amendment to the treaties requires the agreement and ratification (according to their national procedures) of every single signatory.

Two core functional treaties, the Treaty on European Union (originally signed in Maastricht in 1992, The Maastricht Treaty) and the Treaty on the Functioning of the European Union (originally signed in Rome in 1957 as the Treaty establishing the European Economic Community i.e. The Treaty of Rome), lay out how the EU operates, and there are a number of satellite treaties which are interconnected with them. The treaties have been repeatedly amended by other treaties over the 65 years since they were first signed. The consolidated version of the two core treaties is regularly published by the European Commission.

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Institutions of the European Union in the context of Council of the European Union

The Council of the European Union, often referred to in the treaties and other official documents simply as the Council, and less formally known as the Council of Ministers, is the third of the seven institutions of the European Union (EU) as listed in the Treaty on European Union. It is one of two legislative bodies and together with the European Parliament serves to amend and approve, or veto, the proposals of the European Commission, which holds the right of initiative.

The Council of the European Union and the European Council are the only EU institutions that are explicitly intergovernmental, that is, forums whose attendees express and represent the position of their Member State's executive, be they ambassadors, ministers or heads of state/government.

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Institutions of the European Union in the context of Legal Act of the European Union

Legal acts of the European Union are actions which are adopted by the institutions of the European Union in order to exercise the powers given to them by the EU Treaties. The treaties form the "primary law" of the EU, while regulations, directives, decisions, recommendations and opinions constitute the Union's "secondary law".

Regulations, directives and decisions are binding legal acts. Recommendations and opinions are non-legislative acts which have no binding effect on the EU member states or institutions.

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Institutions of the European Union in the context of European Parliament

The European Parliament (EP) is one of the two legislative bodies of the European Union (EU) and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts European legislation, following a proposal by the European Commission. The Parliament is composed of 720 members (MEPs), after the June 2024 European elections, from a previous 705 MEPs. It represents the second-largest democratic electorate in the world (after the Parliament of India), with an electorate of around 375 million eligible voters in 2024.

Since 1979, the Parliament has been directly elected every five years by the citizens of the European Union through universal suffrage. Voter turnout in parliamentary elections decreased each time after 1979 until 2019, when voter turnout increased by eight percentage points, and rose above 50% for the first time since 1994. The voting age is 18 in all EU member states except for Malta, Belgium, Austria and Germany, where it is 16, and Greece, where it is 17.

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Institutions of the European Union in the context of European Community

The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957, aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union (EU) in 1993. In the popular language, the singular European Community was sometimes inaccurately used in the wider sense of the plural European Communities, in spite of the latter designation covering all the three constituent entities of the first pillar. The EEC was also known as the European Common Market (ECM) in the English-speaking countries, and sometimes referred to as the European Community even before it was officially renamed as such in 1993. In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community.

The Community's initial aim was to bring about economic integration, including a common market and customs union, among its six founding members: Belgium, France, Italy, Luxembourg, the Netherlands and West Germany. It gained a common set of institutions along with the European Coal and Steel Community (ECSC) and the European Atomic Energy Community (EURATOM) as one of the European Communities under the 1965 Merger Treaty (Treaty of Brussels). In 1993, a complete single market was achieved, known as the internal market, which allowed for the free movement of goods, capital, services, and people within the EEC. In 1994 the internal market was formalised by the EEA agreement. This agreement also extended the internal market to include most of the member states of the European Free Trade Association, forming the European Economic Area, which encompasses 15 countries.

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Institutions of the European Union in the context of Grand Duchess Charlotte Bridge

The Grand Duchess Charlotte Bridge (Luxembourgish: Groussherzogin-Charlotte-Bréck, French: Pont Grande-Duchesse Charlotte, German: Großherzogin-Charlotte-Brücke) is a road bridge in Luxembourg City, in southern Luxembourg. It carries the N51 across the Alzette, connecting Avenue John F. Kennedy, in Kirchberg, to Boulevard Robert Schuman, in Limpertsberg. The bridge is also known as the Red Bridge (Luxembourgish: Rout Bréck, German: Rote Brücke, French: Pont Rouge) on account of its distinctive red paintwork. It is the main route connecting the city centre, Ville Haute, to Kirchberg, the site of the city's European Union institutions.

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