European Parliament
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 European Parliament facts

• Together with the Council of the European Union (the Council) and the European Commission, it exercises the legislative function of the EU
• The Parliament is composed of 751 (previously 766) members, 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, voter turnout at European Parliament elections has fallen consecutively at each election since that date, and has been under 50% since 1999
• Voter turnout in 2014 stood at 42
• 54% of all European voters
• 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
• The 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