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Photo: © Cour des comptes européenne / Cour grand-ducale |
On the 12th, Grand Duke Henri and Grand Duchess Maria Teresa attended the 40th anniversary celebration for the
European Court of Auditors (
Cour des comptes européenne). The organization was founded in Luxembourg in 1975, per the Second Budgetary Treaty, as the fifth institution (of seven institutions) of the European Union. The purpose of the European Court of Auditors is to review spending and ensure that taxpayer money is being allotted correctly. The court possesses no judicial powers but is granted the power to comment on the legality of financial legislation. A new president of the Court is elected every three years.
Also present for the event were the President of the European Parliament, Antonio Tajani; the President of the Republic of Estonia, Kersti Kaljulaid: and the President of the European Commission, Jean-Claude Juncker.
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