Institutional seats of the European Union was against the treaties and the natural prerogatives of a Parliament elected by direct universal suffrage, claiming the right to decide its own workings to its own efficiency. In response, leaders annexed the decision to the Treaty of Amsterdam, including it in the treaties. A Council decision on 29 October 1993 on the location of European agencies established that the European Monetary Institute, later the European Central Bank, would be based in Frankfurt. Frankfurt had to compete with numerous other cities, including London, Paris, Amsterdam, Luxembourg, Lyon, Barcelona and even Basel (in Switzerland, which was outside the European Union). France
European Central Bank examples where the ECB is less transparent than other institutions: In return to its high degree of independence and discretion, the ECB is accountable to the European Parliament (and to a lesser extent to the European Court of Auditors, the European Ombudsman and the Court of Justice of the EU (CJEU). Although no interinstitutional agreement exists between the European Parliament and the ECB to regulate the ECB's accountability framework, it as been inspired by a resolution of the European Parliament adopted in 1998 which was then informally agreed with the ECB and incorporated into the Parliament's rule of procedure. The