The European Commission drafts legislation, manages and implements EU policies and budget, and enforces European Law jointly with the Court of Justice. The Council of the European Union is the principal decision-making body and coordinates responsibilities and sets overall European Union policies. The European Parliament passes European laws jointly with the Council and adopts or rejects the EU budget in a shared authority with the Council. The European Court of Justice was established by a 1925 Treaty. Its decisions and rulings are binding.