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Event |

Beyond the Crisis

The aim of this public debate is to highlight the recent developments of the Euro area crisis with a particular focus on the issue of Greek sovereign debt, and provide concrete alternatives to austerity measures and neoliberal exit strategies
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News |

Green Round-up

For the Greens, the main highlights of the week were the debates and votes on the economic governance pack legislation, on the future of the Common Agricultural Policy, on spent fuel and radiactive waste and on strenghtening the consumer rights. Two committee votes - on implementation of EU legislation and on road safety in Europe - were …
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Press release |

EU summit

Commenting on the outcome of today's EU summit, Greens/EFA co-president Rebecca Harms said: "The future of the Euro hangs in the balance but EU leaders are continuing to muddle through and take the path of least resistance. At every step of the Eurozone crisis, EU leaders have acted too late an...
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Press release |

Economic governance

The European Parliament today voted to set out its position on the EU's '6 pack' of economic governance legislation (1), with negotiations between the European Parliament and Council still ongoing. While the Greens agree with the urgent need to introduce tougher economic governance and reform the st...
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Press release |

Eurozone crisis/Greece

European finance ministers have delayed approval of a new tranche of loans for Greece, insisting that the country pass a new package of austerity measures first. The Greens have hit out at the persistent reliance on austerity and the failure to ensure private creditors take a bigger and compulsory p...
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Press release |

Credit rating agencies

The European Parliament today adopted a report on credit rating agencies. The Greens welcomed the report as an important step to addressing the damaging dominance and conflict of interests of the three big rating agencies, with a review of EU legislation on ratings agencies foreseen for later this y...
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Press release |

Financial regulation

The EP economic affairs committee today voted on revised EU rules on deposit guarantee schemes. The Greens welcomed the vote, which will give greater protection for consumers in the EU. After the vote, Green MEP and shadow draftsman Sven Giegold said: "The EP has today voted for greater protect...
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Press release |

Financial regulation (Derivatives)

The EP economic affairs committee today voted on a legislative proposal to regulate over-the-counter derivative products. The Greens welcomed the vote, which would tighten the regulation of these opaque and risky products, which played a significant role in the financial crisis. After the vote, Gree...
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Press release |

ECOFIN Council

Eurozone finance ministers have just agreed to grant a bailout package of €78bn to Portugal, the third euro-area country to receive official loans. The EU’s two bailout funds, the European Financial Stability Facility (EFSF) and the European Financial Stabilization Mechanism (ESM) will each prov...
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Press release |

Economic governance package

The European Parliament economic affairs committee yesterday evening adopted a series of reports as part of the new EU economic governance package (1). While they have supported part of the package, the Greens have described the vote as a missed opportunity to make the proposals fair and balanced. A...