The European Court of Auditors is the institution that checks the finances of the European Union. Despite its name it is not a court of law: it has no judicial powers, and its task is to examine whether EU money has been collected and spent legally and properly. It was set up under a treaty of 1975 and began work in 1977 in Luxembourg, where it is still based. It has one member from each EU country, and publishes annual and special reports that can highlight waste or fraud. Under the Maastricht Treaty of 1992 it was given the status of a full EU institution.
Before and after
- October 1977We Are the Champions
- 14 October 1977Death of Bing Crosby
- 18 October 1977Hijacking of Lufthansa Flight 181
- 18 October 1977German Autumn
- 18 October 1977Founding of European Court of Auditors
- 25 October 1977Creation of OpenVMS
- 19 November 1977Birth of Mette Frederiksen
- 25 December 1977Death of Charlie Chaplin
- 31 December 1977Birth of Psy
More in Society, economy & sport
- 5 October 1948Founding of International Union for Conservation of Nature
- 5 May 1949Founding of Council of Europe
- 1960Founding of Somalia
- 1 October 1963Founding of Nigeria
- 1985Introduction of new shekel
- 1990Rise of K-pop
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.