Write the following list of characters into a correctly formed sentence: TheERCoperatestransparentlywithautonomyandintegritywhichisguaranteedbytheEuropeanCommission,towhichitisaccountable.TheEuropeanCommissionassumesfinalresponsibilityfortheexecutionofFP7anditsbudget.
The ERC operates transparently with autonomy and integrity which is guaranteed by the European Commission, to which it is accountable. The European Commission assumes final responsibility for the execution of FP7and its budget.