INSTITUTIONS : INSTITUTIONAL CHANGES IN THE NEW TREATY.
Europe Environment, November, 2007
The EU's draft reform Treaty of Lisbon incorporates into its Treaty on the European Union' section, in Article 9, the bulk of the innovations on the EU institutions which would have figured in the Constitution.
EUROPEAN PARLIAMENT
The text states straight away that the "European Parliament exercises legislative and budgetary functions jointly with the Council". Indeed, with the extension of co-decision, Parliament obtains more powers because it is placed in a position as a true co-legislator with the Council. On the budget, it is now on the same footing with the Council on all budget headings since the difference between compulsory' and non-compulsory' expenditure disappears.
The European Parliament will elect the president of the European...
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