The main institutions of the European Union

The article summarizes the characteristics of the main institutions of the European Union. It was found that the main institutions of the European Union were established in accordance with the EU treaties. In addition, it was analysed, that each institution acts within the limits of its competences, provided in accordance with the procedures, conditions and goals set in the treaties. It was also determined that among the legislative bodies, the most important institutions are the Council of the European Union and the European Parliament. The European Commission is an important body responsible for the executive branch of the EU. The European Council is responsible for meetings at the highest level. The judicial branch of government is represented by the Court of Justice of the European Union, and the monetary policy of the eurozone is realised by the European Central Bank. The European Court of Auditors is responsible for financial control. In addition, it was found that the European Parliament is the only EU institution that is the only elected body and the largest democratic assembly in the world. The activities of the European Parliament take place in a sessional manner. It is possible to convene regular and extraordinary sessions. It was also analysed that the main role of the European Council is to determine the general directions of development and policy of the European Union. It was analysed that the Council of the EU and the European Parliament have the same legislative and budgetary powers. In some cases, the Council of the EU has the right to independently initiate the discussion and adoption of a new law. It was found that the European Commission controls the implementation of the EU law, implements the budget in cooperation with the member states and manages funding programs. In addition, its competence also includes coordination, executive and management functions in accordance with the founding agreements. The organization also represents the EU at international negotiations. It was analysed that the Court of Justice of the European Union is responsible for the judiciary. The European Central Bank is important from the point of view of the implementation of the monetary policy and the implementation of the policy to reduce unemployment.