The power of the High Authority by

The Council
historically derives from the “Special Council of Ministers” of the European
Coal and Steel Community (ECSC), that was established by the Paris Treaty, in
1951, together with a High Authority (the executive that would later become the
European Commission), an Assembly and a Court. The Council’s main function at
that time was to control the supranational power of the High Authority by
issuing opinions on its decisions that did not concern the two raw materials.1

In 1958, The
Treaty of Rome founded the European Economic Community (EEC) and the European
Atomic Economic Energy Community (Euratom), and their respective Councils. The
two new Councils (EEC and Euratom) were given more power in order to
counterbalance the authority of the Commission, and became key decision-making
bodies.2

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At that time,
the negotiations endured some difficulties due to the need of coordination of
the three Communities. The first major crisis, known as the “empty chair
crisis”, occurred in 1965, when the French President Charles de Gaulle, who
disagreed with Commission proposals concerning the Common Agricultural Policy
(CAP), refused to attend Council meetings from that time on. Indeed, the
absence of France blocked the progress of the Council’s work until the issue
was resolved with the Luxembourg compromise the year after.3

In order to
definitely resolve the issue of coordinating activities of the Communities, the
Merger Treaty of 1967 created a single European Community, with a single
Council and a single Commission, to replace the three Communities: ESCS,
Euratom and EEC.4

In 1993, the
Maastricht Treaty created the European Union and the system of the three
pillars: the European Community (first pillar), the Common Foreign and Security
Policy (CFSP, second pillar) and the Police and Judicial Co-operation in
Criminal Matters (PJCCM, third pillar). Simultaneously, the Council was given its
actual name: The Council of the European Union (EU Council). The European
Community pillar introduced the co-decision procedure of the European
Parliament and the EU Council, that reduced their ability of acting
independently in order to balance the power between European institutions.5

With the entry
into force of the Lisbon Treaty, in 2009, the European Council was declared a
separate institution from the EU Council, stating a clear difference between
the two for the first time.6

The Economic and
Financial Affairs Council (ECOFIN) is a configuration of the EU Council, composed
of the economics and finance ministers from the Member States. The Council
meetings usually take place once a month in Brussels or Luxembourg.

The Ecofin deals
with different EU financial and economic areas, such as taxation or  regulation of financial services. More
specifically, it covers: the coordination of economic policies, monitoring of EU States’ budgetary policy and
public finances, as well as legal and practical aspects of the euro. It is also
responsible, along with the European parliament, fot the  adoption of the budget of the European Union.7

The Council
historically derives from the “Special Council of Ministers” of the European
Coal and Steel Community (ECSC), that was established by the Paris Treaty, in
1951, together with a High Authority (the executive that would later become the
European Commission), an Assembly and a Court. The Council’s main function at
that time was to control the supranational power of the High Authority by
issuing opinions on its decisions that did not concern the two raw materials.1

In 1958, The
Treaty of Rome founded the European Economic Community (EEC) and the European
Atomic Economic Energy Community (Euratom), and their respective Councils. The
two new Councils (EEC and Euratom) were given more power in order to
counterbalance the authority of the Commission, and became key decision-making
bodies.2

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

At that time,
the negotiations endured some difficulties due to the need of coordination of
the three Communities. The first major crisis, known as the “empty chair
crisis”, occurred in 1965, when the French President Charles de Gaulle, who
disagreed with Commission proposals concerning the Common Agricultural Policy
(CAP), refused to attend Council meetings from that time on. Indeed, the
absence of France blocked the progress of the Council’s work until the issue
was resolved with the Luxembourg compromise the year after.3

In order to
definitely resolve the issue of coordinating activities of the Communities, the
Merger Treaty of 1967 created a single European Community, with a single
Council and a single Commission, to replace the three Communities: ESCS,
Euratom and EEC.4

In 1993, the
Maastricht Treaty created the European Union and the system of the three
pillars: the European Community (first pillar), the Common Foreign and Security
Policy (CFSP, second pillar) and the Police and Judicial Co-operation in
Criminal Matters (PJCCM, third pillar). Simultaneously, the Council was given its
actual name: The Council of the European Union (EU Council). The European
Community pillar introduced the co-decision procedure of the European
Parliament and the EU Council, that reduced their ability of acting
independently in order to balance the power between European institutions.5

With the entry
into force of the Lisbon Treaty, in 2009, the European Council was declared a
separate institution from the EU Council, stating a clear difference between
the two for the first time.6

The Economic and
Financial Affairs Council (ECOFIN) is a configuration of the EU Council, composed
of the economics and finance ministers from the Member States. The Council
meetings usually take place once a month in Brussels or Luxembourg.

The Ecofin deals
with different EU financial and economic areas, such as taxation or  regulation of financial services. More
specifically, it covers: the coordination of economic policies, monitoring of EU States’ budgetary policy and
public finances, as well as legal and practical aspects of the euro. It is also
responsible, along with the European parliament, fot the  adoption of the budget of the European Union.7

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