The Italian government has decided to launch a new banking bail-out scheme for the troubled Italian bank Monte dei Paschi Di Siena. Earlier this year, banking bail-outs became illegal without ensuring creditor liability by bailing in at least 8% of total liabilities before any public funds may be used. The Italian government has been pushing […]
Greece: Financial assistance must not be at the cost of labour rights
The European Parliament will today debate the Labour market reforms and labour relations in Greece. The institutions are pushing to make financial assistance conditional on the liberalisation of labour laws, despite the fact that collective bargaining is protected under the Charter of Fundamental Rights. It would also run counter to the 2015 memorandum of understanding […]
Rules of Procedure: EU Parliament strengthens its efficiency and transparency, but fails to toughen integrity rules
Today the European Parliament revised its internal rules of procedure, which govern both its day-to-day functioning and the ethics standards for MEPs (“Corbett report”). Debates focused on minority rights in the Parliament, lobby transparency and stricter rules on integrity. The Greens presented a “plan for integrity and transparency in the European Parliament” consisting of […]
Deltour appeal – Press Conference Monday, 11:30 am, Luxembourg / Online discussion Tuesday, 8:00 pm
This Monday in Luxembourg, the appeal of Antoine Deltour as well as his co-defendents Raphael Halet und Edouard Perrin will begin. The former employee of PwC was, in cooperation with Halet and the journalist Perrin, the whistleblower behind the so-called Luxleaks scandal. He is accused of data theft and the transmission of business secrets. In […]
Revision of 4th AMLD: Comprehensive Green approach for fighting money laundering in the EU
This week, members of the European Parliament’s committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) have tabled their amendments for the review of the EU’s rules to fight money laundering and counter terrorist financing. In response to the terrorist attacks in Paris and Brussels as well as […]
Invitation: Screening of the documentary “Luxleaks: the Antoine Deltour Case”
Screening of the documentary “Luxleaks: the Antoine Deltour Case” Two whistleblowers revealed the Luxleaks scandal in November 2014. Thanks to Antoine Deltour and Raphael Halet and the support of the International Consortium of Investigative Journalists (ICIJ), we learned about sweetheart tax deals (so-called “tax rulings”) that the auditing firm PricewaterhouseCoopers concluded with the Luxembourgish tax […]