Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

BusinessEurope's fingetips on the Austerity Treaty

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The ESM, the euro area’s permanent bailout fund set up in 2012, is an international organization that operates behind closed doors, far from public scrutiny. The institution at the heart of EU loans to debt-ridden member states is doing its best to stave off any national influence over the conditions attached to its loans. In addition it is working closely with private consultancies, which appear to have conflicts of interest. However, the ESM is immune to democracy; we have no right to know what it is up to.
On the 15-16th of May, a People's Tribunal Hearing took place in Brussels. Representatives from organisations across Europe gave testimony to an era of financial, economic and social crisis which began in 2008. Since the beginning of the crisis, a transformation has occurred that takes Europe on a track to social regression, violations of social rights and a roll-back of democratic achievements. This verdict outlines the main conclusions of the Tribunal based on the reports and analysis from all speakers.
A Tribunal on EU economic governance and the Troika took place in Brussels on 15-16 May. Eleven witnesses from ten countries in Southern, Eastern and Western Europe gave testimony to the failure of the EU and Troika policies to address the crisis. Indeed, people’s lives and livelihoods have been devastated by the austerity and other policy measures.
Farmers, trade unions and citizens belonging to the D1920 Alliance and Alter Summit tried to shut-down Brussels' biggest corporate lobbying event this morning, where many high-level political leaders were expected, in protest at big business dictating European policy while the voices of citizens are excluded.
Corporate Europe Observatory (CEO) today criticised the plenary vote of MEPs to approve the Jean-Claude Juncker Commission.
Attac Austria and Corporate Europe Observatory are today launching new 'wanted posters' about prospective members of the new European Commission, to expose details of their corporate backgrounds or other aspects of their careers which make them unsuitable to act as commissioner and promote the interests of 500 million European citizens.
The European Parliament has overwhelmingly voted in favour of freezing the budgets of the Commission's problematic advisory groups, formally known as Expert Groups. Surprisingly, this is the second time in four years that the Parliament has taken such a drastic step, after the Commission failed to tackle corporate domination within these influential groups (see graph below).
As part of her inquiry into the Commission's implementation of UN tobacco lobby rules, European Ombudsman Emily O'Reilly has asked Commission President Barroso for “a supplementary opinion” with proper answers to questions raised in her inquiry. O'Reilly took this step after having received a seriously unconvincing letter from Barroso that fails to address the specific questions and arguments put forward by CEO in the complaint that sparked the Ombudsman's inquiry.

Corporate Europe Forum