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The Lisbon treaty, which came in force in late 2009, brought new law-making powers to the European Parliament and put it on an equal footing with the Council of Ministers in deciding what the EU does and how money is spent.
TEU = Treaty on European Union as amended by the Lisbon Treaty TFEU = Treaty on the Functioning of the European Union as amended by the Lisbon Treaty. The main reasons why Lisbon is a bad Treaty for Ireland and for the EU.