Back to EPSOready
Part 2 · Chapter 8 of 17

Other EU Bodies ECB (European Central Bank) · Court of Auditors · EESC · CoR · Euratom & More

📖 Art. 13 TEU (Treaty on European Union) · Art. 282–309 TFEU (Treaty on the Functioning of the European Union) ❓ 2 Sample Questions
Beyond the "big four" institutions (Parliament, Council, Commission, CJEU (Court of Justice of the European Union)), the EU has several other important bodies. Some are full institutions (ECB, Court of Auditors); others are advisory bodies (EESC, CoR). Knowing their roles, seats, and key facts is regularly tested in EPSO exams.

1. The Seven Formal EU Institutions

Article 13 TEU lists exactly seven EU institutions:

📋 Complete EU Institutional Map
European Parliament European Council Council of the EU European Commission
Court of Justice of the EU European Central Bank Court of Auditors
Advisory Bodies:
EESC (Economic & Social Committee) Committee of the Regions
Other Bodies:
European Investment Bank (EIB) Euratom European Ombudsman EEAS
7 Formal EU Institutions (Art. 13 TEU)
Advisory Bodies
Other Bodies

2. The EU Bodies in Detail

🏦
European Central Bank
ECB · Art. 282–284 TFEU
Seat: Frankfurt, Germany
Conducts monetary policy for the eurozone (20 countries). Primary objective: price stability (inflation close to but below 2%). Independent of political influence. Sets interest rates, manages euro.
President: Christine Lagarde (since 2019). Governing Council = ECB Executive Board (6 members) + 20 national central bank governors.
🔍
European Court of Auditors
ECA · Art. 285–287 TFEU
Seat: Luxembourg
The EU's external auditor — checks that EU funds are raised and spent legally and efficiently. Publishes an annual report used by the EP for the budget discharge procedure. No judicial powers (despite the name).
Composition: 27 members (1 per member state). Term: 6 years. Members must be independent.
💰
European Investment Bank
EIB · Art. 308–309 TFEU
Seat: Luxembourg
The EU's long-term lending institution. Finances projects supporting EU objectives: infrastructure, SMEs, climate, innovation. Owned by member states. Not an EU institution but closely linked.
World's largest international public bank by lending volume. Also works through the European Fund for Strategic Investments (EFSI).
🤝
European Economic & Social Committee
EESC · Art. 301–304 TFEU
Seat: Brussels
Advisory body representing employers, workers, and civil society. Must be consulted on economic and social matters. Issues opinions on legislative proposals — not binding but influential.
329 members from 27 member states (allocated by population). Three groups: Employers, Workers, Civil Society.
🏘️
Committee of the Regions
CoR · Art. 305–307 TFEU
Seat: Brussels
Advisory body representing regional and local authorities. Must be consulted on matters affecting regions (cohesion, environment, transport, education). Can bring cases before the CJEU to defend the subsidiarity principle.
329 members — elected regional and local representatives (mayors, regional presidents, etc.).
🌐
European External Action Service
EEAS · Art. 27(3) TEU
Seat: Brussels + EU Delegations worldwide
The EU's diplomatic service, supporting the High Representative / VP. Manages ~140 EU Delegations and offices worldwide — the EU's embassies. Created by the Lisbon Treaty.
Staffed by EU officials and seconded national diplomats. EU Delegations have observer status in international organisations.
⚛️
Euratom
European Atomic Energy Community
Seat: Brussels (shares institutions with the EU)
Created by the Treaty of Rome 1957. A separate community (not technically the EU) that coordinates nuclear energy research and supply. Uses the same institutions as the EU but has its own treaty.
All 27 EU member states are also Euratom members. Unlike the ECSC (expired 2002), Euratom has no expiry date.
📮
European Ombudsman
Art. 228 TFEU · Art. 43 Charter
Seat: Strasbourg
Investigates cases of maladministration by EU institutions and bodies. Any EU citizen, resident, company, or association can complain. Issues recommendations — no binding power, but strong moral authority.
Elected by the EP for 5 years. Current Ombudsman: Emily O'Reilly (Ireland). Does NOT handle complaints against member state authorities.

3. Key Facts Summary

BodySeatKey Role
ECBFrankfurtMonetary policy for eurozone, price stability, sets interest rates
Court of AuditorsLuxembourgExternal auditor — legality and regularity of EU finances
EIBLuxembourgEU's long-term lending bank — infrastructure, innovation, climate
EESCBrusselsAdvisory — employers, workers, civil society (329 members)
Committee of the RegionsBrusselsAdvisory — regional/local authorities (329 members)
EEASBrussels + worldwideEU diplomatic service (~140 delegations)
EuratomBrusselsNuclear energy community (separate treaty, same institutions)
OmbudsmanStrasbourgInvestigates maladministration by EU institutions
The "Luxembourg institutions": The CJEU, Court of Auditors, and EIB are all headquartered in Luxembourg City — making Luxembourg an important EU capital alongside Brussels and Strasbourg.

Key Terms

Price stability (ECB mandate)
The ECB's primary objective — keeping inflation close to but below 2% in the medium term in the euro area (Art. 127 TFEU).
Discharge (Court of Auditors)
The Court of Auditors' annual report feeds into the EP's budget discharge procedure — the EP's formal approval of how the Commission spent EU money.
Maladministration
Poor or failed administration — e.g. administrative irregularities, discrimination, abuse of power, failure to reply, refusal of information. Subject of Ombudsman investigations.
Advisory opinion
EESC and CoR issue opinions on legislative proposals. These are not binding but must be sought before certain decisions — failure to consult them can be grounds for annulment.

Sample Questions

2 sample questions · EPSO-style multiple choice

Q1. How many formal EU institutions are listed in Article 13 TEU?
  • A) 5
  • B) 6
  • C) 7
  • D) 9
Q2. The European Central Bank's primary objective is:
  • A) Financing the EU budget
  • B) Preventing financial crises in member states
  • C) Maintaining price stability (inflation close to but below 2%)
  • D) Setting the EU's fiscal policy
Ready to Test Your Knowledge?
Start Practising on EPSOready →
Practice 1,500+ EPSO-style questions across all 5 test categories — including EU & Digital Knowledge, Verbal, Numerical, Abstract reasoning.