There is now a political agreement between the European Parliament and the Council on the proposal for a Council Decision establishing the organisation and functioning of the European External Action Service. But wait: why do we need a political agreement for a Council decision in the first place???
Enter the budgetary powers of the European Parliament. Though the EP has only the right of consultation on the Council decision, it has much more to say on the financing of the European External Action Service. The European Parliament initially opposed the proposal, demanding budgetary oversight, that most of its staff will come from the EU institutions rather than directly from member states and that senior appointees will be politically accountable to the Parliament when carrying out their duties. That is why a compromise was needed, and the European Parliament had to work with the High Representative and the Member States on it.
This looks like a certain victory for the European Parliament.