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The Court of Auditors

EU Fact Sheets 27-03-2024

The European Court of Auditors (ECA) is in charge of the audit of EU finances. As the EU’s external auditor, it contributes to improving EU financial management and acts as the independent guardian of the financial interests of the citizens of the Union.

Economic indicators show that the United States (US) is the front-runner for both private investment in artificial intelligence (AI) and venture capital in generative AI, followed by China. US companies are also developing most of the large languages models (LLMs) underpinning AI innovation. EU starts-up are beginning to scale up.

The Artificial Intelligence (AI) Act moved close to final adoption when the European Parliament voted in favour of the text on 13 March. It will become law after the final endorsement of the Council of the European Union, making the Union the first major world power to adopt horizontal legislation governing AI. The act defines the rules for using and selling artificial intelligence systems in the EU, and regulates general-purpose AI tools such as ChatGPT and AI-based biometric surveillance. It also ...

Since mid-November 2023, the Iran-backed Houthi militia, which controls large parts of Yemen, has attacked numerous Western commercial ships near the Bab el-Mandeb Strait in the Red Sea. In response, major shipping companies have temporarily suspended Suez transits and diverted their trade. This diversion coincides with decreasing freight in another maritime chokepoint, the Panama Canal, provoked by lowered water levels. Rounding South Africa via the Cape of Good Hope is the shortest alternative ...

Drawing on a wide array of sources and literature, this study examines the role of the European Parliament in the establishment of the European Community's environmental policy. It argues that Parliament played a key role in placing this nascent policy issue on the agenda. It influenced the definition of what the policy should include, what it should focus on, and which instruments should be used to address environmental problems. In this process, Parliament filtered ideas, issues and political objectives ...

Drawing on a wide array of sources and literature, this study examines the role of the European Parliament in the establishment of the European Community's consumer policy. It argues that Parliament played a key role in placing this nascent policy issue on the agenda. It influenced the definition of what the policy should include, what it should focus on, and which instruments should be used to address the problems facing European consumers. In this process, Parliament filtered ideas, issues and ...

Drawing on a wide array of sources and literature, this study examines the role of the European Parliament in the establishment of the European Community's social policy. It argues that Parliament played a key role in placing this nascent policy issue on the agenda. It influenced the definition of what the policy should include, what it should focus on, and which instruments should be used to address social problems. In this process, Parliament filtered ideas, issues and political objectives from ...

In the Common Foreign and Security Policy (CFSP), as well as in several other fields such as enhanced cooperation, certain appointments and treaty revision, the decision-making procedure is different from that prevailing in the ordinary legislative procedure. The dominant feature in these fields is a stronger component of intergovernmental cooperation. The challenge of the public debt crisis has led to increased use of such decision-making mechanisms, notably in the framework of European economic ...

The principle of subsidiarity

EU Fact Sheets 26-03-2024

In areas in which the European Union does not have exclusive competence, the principle of subsidiarity, laid down in the Treaty on European Union, defines the circumstances in which it is preferable for action to be taken by the Union, rather than the Member States.

On 30 November 2022, as part of the European Green Deal, the European Commission presented the legislative proposal for a Union certification framework for carbon removals. The initiative was first announced in the March 2020 new circular economy action plan and again highlighted in the climate target plan, as well as in the 'fit for 55' revision of the Regulation on land use, land-use change and forestry (LULUCF), as an essential tool to drive progress towards the 2050 climate neutrality target. ...