European Union Institutions

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European Union Institutions by Mind Map: European Union Institutions

1. European Council

1.1. - setting the EU's general political direction and priorities, and dealing with complex or sensitive issues that cannot be resolved at a lower level of intergovernmental cooperation.

2. Council of the EU

2.1. - passes EU laws - coordinates the broad economic policies of EU member countries - signs agreements between the EU and other countries - approves the annual EU budget - develops the EU's foreign and defence policies - coordinates cooperation between courts and police forces of member countries

3. European Comission

3.1. - proposing new laws to Parliament and the Council - managing the EU's budget and allocating funding - enforcing EU law - representing the EU internationally, for example, by negotiating agreements between the EU and other countries

4. Court of Justice of the EU

4.1. - preliminary ruling procedure - proceedings for failure to fulfil an obligation - actions for annulment - actions for failure to act - direct actions

5. European Central Bank

5.1. - setting key interest rates for the eurozone and controlling the money supply - managing the eurozone's foreign-currency reserves and buying or selling currencies when necessary to keep exchange rates in balance - helping to ensure financial markets and institutions are adequately supervised by national authorities, and that payment systems function smoothly - authorising central banks in eurozone countries to issue euro banknotes - monitoring price trends and assessing the risk they pose to price stability

6. Court of Auditors

6.1. - present the European Parliament and the Council with an annual report on the previous financial year - give its opinion on EU financial legislation and how to help the EU fight fraud

7. European Parliament

7.1. - debating and passing European laws, with the Council - scrutinising other EU institutions, particularly the Commission, to make sure they are working democratically - debating and adopting the EU's budget, with the Council