The Institutions of the European Union is the key text for anyone wishing to understand the functions, powers, and composition of the EU's institutions. From the Council of Ministers to the European Central Bank, all of the most important organizations are analysed and explained by international experts.The third edition has been fully updated and includes the impact of the ratification of the Lisbon Treaty and the financial crisis in the Eurozone on the EU's institutions. Authoritative yet accessible, it remains the best guide to how this range of different bodies work together to provide political direction, manage policies, and integrate contrasting interests within the European Union.