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Goldman Sachs hires Barroso: Longer ‘cooling-off period’ for EU Commissioners urgently needed

Goldman Sachs announced today that it has hired former EU Commission President Jose Manuel Barroso as an advisor and non-executive chairman of its international business. MEP Sven Giegold, Rapporteur in the European Parliament for the Initiative Report “Transparency, accountability and integrity in the EU institutions”, commented:   “These shameful revolving doors between politics and business […]

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No new state aid to banks in the Brexit turmoil

The current attempt of the Italian government to push through new state aid to banks (inter alia for Banca Monte dei Paschi) is commented by MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group: „It is audacious to misuse the Brexit turmoil in order push through new state aid for banks. The […]

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18 months imprisonment or bankruptcy due to LuxLeaks? Proclamation of sentence of Antoine Deltour, 29 June at 3pm in Luxembourg – invitation to press briefing

On Tuesday, 29th of June at 3pm, the Criminal Court of Luxembourg will pronounce its sentence in the case of the LuxLeaks whistleblowers Antoine Deltour, Raphael Halet and Edourd Perrin. The public prosecutors demand 18 months, possibly suspended, imprisonment. An example is being made of Antoine Deltour, in order to silence future whistleblowers who do […]

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Taboo on debt relief broken but Eurogroup must stop sidestepping

Commenting on the outcome of the Eurogroup meeting on the Greek bailout programme, Greens/EFA co-president Philippe Lamberts said: „We welcome the decision to release a new tranche of rescue loans to Greece, which is essential to stanch the persistent deterioration of the Greek economy. However, as the IMF has made abundantly clear, without debt relief […]

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Financial market regulation: EU Commissioner Hill announces deregulation agenda on advice from the finance industry

EU Commissioner Jonathan Hill presented the results of a consultation on the EU regulatory framework for financial services and an outlook on the EU Commission’s course on financial markets policies. Stakeholders from the financial industry were highly overrepresented in the consultation. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group, discussed the […]

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Anti-Corruption Summit: Cameron must shut down British tax havens

Representatives of over 40 governments agree on an international declaration against corruption at today’s Anti-Corruption Summit in London. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group commented:   “Cameron has to turn his words into action and shut down British tax havens. With his power over British overseas territories, it is […]

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Draft mandate of the new inquiry committee after Panama Papers

All major political groups agreed on the following draft mandate for an inquiry committee on the Panama Papers. It is now being verified by the Parliament’s legal service and finally be voted by plenary. Key priority for the Greens was that the work of the ongoing TAXE special committee established after the LuxLeaks scandal is […]