WORLD HISTORY

Detailed explanation-1: -The Lisbon Treaty came into force on 1 December 2009, granting Parliament powers over the entire EU budget, making Parliament’s legislative powers equal to the Council’s in nearly all areas and linking the appointment of the Commission President to Parliament’s own elections.

Detailed explanation-2: -The European Union describes its values as being ‘Human Dignity, Freedom, Democracy, Equality, Rule of Law, and Human Rights’. Democracy is a cornerstone of the project that is the European Union, and has been since its inception. It thus also represents a criteria for accession to the EU.

Detailed explanation-3: -The European Union has its own legislature and executive, as well as an independent judiciary and a central bank. These are supported and complemented by a set of institutions and bodies, the powers conferred on which derive from the founding Treaties.

Detailed explanation-4: -The Parliament acts as a co-legislator, sharing with the Council the power to adopt and amend legislative proposals and to decide on the EU budget. It also supervises the work of the Commission and other EU bodies and cooperates with national parliaments of EU countries to get their input.