The European Parliament (abbreviated as Europarl or the EP) is the directly elected parliamentary institution of the European Union (EU). Together with the Council of the European Union (the Council) and the European Commission, it exercises the legislative function of the EU and it has been described as one of the most powerful legislatures in the world. The Parliament is currently composed of 754 Members of the European Parliament, who represent the second largest democratic electorate in the world (after the Parliament of India) and the largest trans-national democratic electorate in the world (375 million eligible voters in 2009).
It has been directly elected every five years by universal suffrage since 1979. However, turnout at European Parliament elections has fallen consecutively at each election since that date, and has been under 50% since 1999. Turnout in 2009 stood at 43% of all European voters, ranging from 90% in Luxembourg and Belgium (where compulsory voting is used) to 20% in Slovakia. Turnout was under 50% in 18 out of 27 member states.
Although the European Parliament has legislative power that the Council and Commission do not possess, it does not formally possess legislative initiative, as most national parliaments of European Union member states do. Parliament is the "first institution" of the EU (mentioned first in the treaties, having ceremonial precedence over all authority at European level), and shares equal legislative and budgetary powers with the Council (except in a few areas where the special legislative procedures apply). It likewise has equal control over the EU budget. Finally, the European Commission, the executive body of the EU, is accountable to Parliament. In particular, Parliament elects the President of the Commission, and approves (or rejects) the appointment of the Commission as a whole. It can subsequently force the Commission as a body to resign by adopting a motion of censure.
The President of the European Parliament (Parliament's speaker) is currently Martin Schulz (S&D), elected in January 2012. He presides over a multi-party chamber, the two largest groups being the Group of the European People's Party (EPP) and the Progressive Alliance of Socialists and Democrats (S&D). The last union-wide elections were the 2009 Parliamentary Elections. Parliament has two meeting places, namely the Louise Weiss building in Strasbourg, France, which serves for twelve four-day plenary sessions per year and is the official seat, and the Espace LĂ©opold (Dutch: Leopoldruimte) complex in Brussels, Belgium, the larger of the two, which serves for committee meetings, political groups and complementary plenary sessions. The Secretariat of the European Parliament, the Parliament's administrative body, is based in Luxembourg.
Read more about European Parliament: History, Powers and Functions, Members, Proceedings, Seat
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