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
Terminology Coordination Unit of the European Parliament the Regions, the Court of Auditors and the Translation Centre for the Bodies of the European Union. The European Court of Justice, the European Investment Bank and the European Central Bank are also involved in providing specialised terminology, which is in some cases compiled in cooperation with national authorities. Finally, the contribution of all EU agencies, coordinated by the Translation Centre, is extremely valuable. The IATE database is managed by an inter-institutional team chaired in turn by one of the institutions which contribute to IATE and its funding. It is currently chaired by the Translation Centre, which houses the team