Finance

Circumvention of EU Law sets a dangerous precedent

New Banking Subsidies in Italy

"This is an outrageous circumvention of the rules of the European Banking Union," says Sven Giegold.

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Greens/EFA Round up

Debriefing of the Strasbourg plenary week 12-15 June 2017

Greens/EFA priorities for the Strasbourg Plenary included: Tax justice: Country by country reporting; Glyphosate renewal; Energy efficiency labelling; 2016 report on Kosovo; Effort sharing regulation and President Trump's decision to withdraw the US from the Paris agreement; Trump's decision to withdraw the US from the Paris agreement; Panama Papers follow-up and the rule of law in Malta; Preparation of the European Council of 22 and 23 June 2017.

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HELEN M BUSHE (CC BY-NC-ND 2.0)

Fair and thorough investigation urgently needed

Malta / Money Laundering

MEPs have today held a debate on the Panama Papers and the rule of law in Malta in the presence of Maltese Prime Minister, Joseph Muscat. Prime Minister Muscat faces allegations that senior members of his government were involved in money laundering. Despite several senior officials being implicated...

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Epizentrum | CC BY-SA 3.0

Commission sets out options for Eurozone's future

Reflection paper

The European Commission has today (31 May) released a reflection paper setting out options for the completion of a robust economic and monetary union. The proposal contains almost nothing on social and taxation issues, which leaves the EU lagging far behind French President Macron's proposals for social minimum standards, as well as a minimum corporate tax.

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Epizentrum, CC BY-SA 3.0

New rules for finance industry sign of political amnesia

Securitisation agreement

The European Parliament and Council of ministers agreed on new legislation designed to resuscitate the market for "securitisation" - one of the key causes of the financial crisis that began 10 years ago and that Europe has yet to fully recover from.

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EU Council CC BY-NC-ND 2.0

Eurogroup needs to follow through on commitments to Greece

Greece

"Greek people continue to suffer under largely harmful reforms and failure to agree on debt relief does nothing to improve the situation," says Greens/EFA MEP Sven Giegold.

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Images_of_Money | CC BY 2.0

European Parliament rejects Commission proposals for a second time

Money laundering

The European Parliament has today rejected for a second time a delegated act on third countries at high-risk of money laundering (1). The fourth Anti-Money Laundering Directive (AMLD), adopted in 2015, empowers the European Commission to identify high-risk third countries. The Commission now propose...

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© European Union , 2017

Change needed if Juncker plan is to deliver

European Investment Fund

MEPs have voted to impose much stricter conditions on the sorts of projects that can benefit from the European Fund for Strategic Investments, also known as "the Juncker plan". The Greens/EFA group want funding to go only to projects that need it to be viable, and to see more energy efficiency and social infrastructure investments in future.

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Greens/EFA Round up

Debriefing of the Strasbourg plenary week 3-6 April 2017

Greens/EFA priorities for the Strasbourg Plenary included: Palm oil and deforestation of rainforests; One year anniversary of the Panama Papers; Dieselgate: inquiry report and type approval legislation; EU-Syria strategy; Brexit: Article 50 resolution; Money Market Funds; MFF revision; GMO objection; Roaming charges.

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©adrian

European Parliament stands up for consumer interests

Roaming

With the Parliament giving its approval to the results of the trialogue on roaming charges, lower prices have been secured for consumers and roaming costs will soon be a thing of the past. Not only this, but smaller providers will now also be able to compete with the big telecommunications corporations.

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Epizentrum, CC BY-SA 3.0

EU fails to regulate the shadow banking sector

Money Market Funds

The European Parliament has adopted the draft European regulation on money market funds, as agreed in the inter-institutional negotiations. The Greens/EFA group voted against the proposal, citing inadequate supervision of these funds, which operate as shadow banks.

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Budget © nobiggie

No additional funds despite fresh commitments and ongoing crises

EU budget: MFF revision

The European Parliament has approved the Midterm revision of the Multiannual Financial Framework 2014-2020. The revision is a poor deal for the parliament, says Greens/EFA member of the European Parliament’s Budget committee Indrek Tarand.

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