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The Economy
Ch34: Ireland and the EU
Institutions of the EU
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Cards (6)
Council of Ministers:
Made of
27
government ministers, one from each
member
state
Each
member
state has
different
ministers for different topics, ex) minister of finance, minister of education
All legislations proposed by the
European
Commission must be agreed on by the
Council
European Commission:
Made of
27
commissioners, one from each member state
Is responsible for the day to day running of the
EU
and for the preparation of the
EU budget
Each commissioner has an area of responsibility in the EU, ex) commissioner of
consumer affairs
, agriculture, transport
Is responsible for ensuring that the laws of the EU are implemented and followed by member states and take action
against
those not following the law
European Parliament:
Each EU member state has a
representative
to sit in the European
Parliament
in
Strasbourg.
These representatives are known as Members of the
European Parliament
(
MEPs
).
The number of MEPs from each country depend on the
size
of the country's population.
They last
five
years in their position of being an
MEP.
Main functions:
Decide the
budget
for the EU
Discuss new
legislation
proposed by the European Commission
Discuss issues affecting all
member states.
Ex) terrorism, pollution
Court of
Justice
:
Based in
Luxembourg
, the Court of
Justice
has 27 judges, with one judge from each member state
Its main role is to ensure that EU law is understood and
applied
in the same way across all member states.
The court also settles
disputes
between any member states government and European Institutions by taking action
Court of
Auditors
:
Ensures that European money is collected and used
appropriately
and effectively so that the Euro has the highest possible value.
Is
authorised
to carry out random
spot checks
on any country receiving funds in Euro to ensure it was spent as intended.
European
Central
Bank:
The central bank of the
eurozone.
Independent of all European countries, it has many important functions:
Maintains the
value
of the euro
Set
interest
rates to apply throughout the eurozone
Set common rules that all eurozone governments must follow regarding public finances and
preparation
of the annual budget
Authorise the
issuing
of euro notes and coins
Look after the currency reserves in the bank