The Lisbon Treaty made numerous changes to the institutional frameworks of the
European Union. Unlike the failed Constitutional Treaty, which was abandoned in 2007
due to widespread criticism and opposition, the Lisbon Treaty didn’t replace the EC Treaty
and the TEU, but amended them. The EC Treaty was renamed as the ‘Treaty on the
Functioning of the European Union’, and all references to ‘Community’ were replaced
with ‘Union’. The amended TEU and TFEU now constitute the treaties on which the
European Union is founded and are the primary source of EU law. The new amended
article 4 of the TEU states that the institutional framework of the Union comprises of 7
institutions: The European Parliament, the European Council, the Council, the European
Commission, the Court of Justice of the EU, the European Central Bank and the Court of
Auditors. The same amendment also states that the Parliament, Council and Commission
are to be assisted by two new advisory bodies: the Economic and Social Committee and
the Committee of the Regions. However in comparison to the previous provision of the EC
treaty, the only significant change is that the European Council and the ECB are now
formal Union institutions, which means they are now formally bound by all the Treaties’
references to ‘the institutions’. It also means that the Court of Justice now have the
jurisdiction to review the legality of the European Councils legally binding acts, something
which previously wasn’t the case. However the respective roles of these institutions have
been largely left unchanged, and it is worth noting that the European Council acquired
clear treaty status in 1992 when the TEU referred to it as the body that ‘shall provide the
Union with the necessary impetus for its development and shall define the general political
guidelines thereof’, so the elevation of status to the rank of a institution merely codified
previous practice. The Lisbon Treaty also provided for 2 new posts to be established: The
President of the European Council and the High Representative of the Union for Foreign
Affairs and Security Policy, and with the enforcement of the TL it was established that the
members of European Council would be heads of government of member states, as would
the president of council and of the commission. The Lisbon Treaty also conferred onto the
European Council new and controversial powers. It can now propose amendments to
certain parts of EU treaties by unanimous vote, where as previously such changes could