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
Institutional seats of the European Union less binding than the other seats. The 2011 Treaty Establishing the European Stability Mechanism (ESM) states that the seat of the ESM must be in Luxembourg. The ESM should be ratified and active in mid-2013 and it is allowed to establish a liaison office in Brussels. There are numerous other bodies and agencies that have not had their seats fixed by treaties. Brussels hosts the European Defence Agency (as NATO and formerly the WEU are also in the city). Luxembourg hosts the Translation Centre for the Bodies of the European Union and the European Investment Bank. Strasbourg and Brussels both