http://www.eca.eu

The Court of Auditors produces an annual report on the accounts of the EU. This is presented every year on the basis of the information delivered by the EU Commission.The European Parliament and the Council then have to approve the accounts by "granting discharge". ..

http://eur-lex.europa.eu/LexUr......o?uri=CELEX:61962J0026:EN:HTML

An EU Court case stating that treaty articles can be binding without the need for adopting a specific law. This new principle invented by the Court is called „direct effect”...