Matching Pairs European institutionsOnline version Match the EU institutions with their functions by Laura Mercader Martinez 1 European Parliament 2 Court of Justice of the EU 3 European Council 4 European Court of Auditors 5 European Commission 6 Council of the EU It ensures that the law is observed in all member states. It is the executive body of the EU. It coordinates economic and defence policies. It prepares and passes laws and budgets It ensures that the EU funds are invested properly. It sets the EU's general political direction.