European Commission

What is European Commission?

European Commission definition and meaning on Finance terms:
The EU institution established in 1967 (for the then three European Communities) that drafts proposals for new EU legislation (which it presents to the European Parliament and the EU Council for adoption), makes sure that EU decisions are properly implemented and supervises the way EU funds are spent. Together with the Court of Justice of the European Union, it ensures that legislation applying to all EU Member States is properly implemented and that the provisions of the TFEU are applied in full. See also
Court of Justice of the European Union (CJEU)<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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