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The Trader's Guide to the Euro Area: Economic Indicators, the ECB and the Euro Crisis by David J. Powell

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Chapter 7

Other Institutions

The institutions of the EU play important roles in the region’s economies and financial markets. Three primary institutions are involved in EU legislation: the Council of the European Union (not to be confused with the European Council), the European Parliament and the EC.

Council of the European Union

The Council of the European Union (formerly known as the Council of Ministers) is one of the two legislative bodies of the bicameral legislature of the EU. It represents the executive branches of the member states and is comprised of one representative from each member state at the ministerial level with responsibility for a given area. For purposes of comparison, the most similar body in the U.S. is the Senate. The ...

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