Draft Treaty establishing the European Union

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Part Three INSTITUTIONAL PROVISIONS

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Article 33 Organs of the Union

Article 33 Organs of the Union

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1. The Union shall have the following organs:

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the Court of Auditors,

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the Economic and Social Committee,

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the European Investment Bank,

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the European Monetary Fund.

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Organic laws shall lay down the rules governing the competences and powers of these organs, their organization and their membership.

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2. Half the members of the Court of Auditors shall be appointed by the Parliament and half by the Council of the Union.

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3. The Economic and Social Committee shall be an organ which advises the Commission, the Parliament, the Council of the Union and the European Council; it may address to them opinions drawn up on its own initiative. The Committee shall be consulted on every proposal which has a determining influence on the drawing up and implementation of economic policy and policy for society. The Committee shall adopt its rules of procedure. The membership of the Committee shall ensure adequate representation of the various categories of economic and social activity.

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4. The European Monetary Fund shall have the autonomy required to guarantee monetary stability.

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5. Each of the organs referred to above shall be governed by the provisions applicable to the corresponding Community organs at the moment when this Treaty enters into force.

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The Union may create other organs necessary for its operation by means of an organic law.

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