On Tuesday evening, European Parliament, Council of Member States and EU Commission reached a political agreement on a new framework for the supervision of investment firms in the EU („Ferber Report“). Largely unnoticed by the public, the Capital Markets Union and its joint regulation have taken a major step forward. In the future, the more […]
LEAK: French-German proposal on eurozone budget only provides alibi stabilisation
Last week, the German Finance Minister Olaf Scholz and his French colleague Bruno Le Maire agreed on a compromise proposal for a eurozone budgetary instrument. The new budget is to be anchored in the EU-budget and open to countries joining the eurozone. The funds will come from the euro countries, possibly from revenues from a […]
ECON committee should object to men-only appointments for top positions in EBA, ECB and SRB
Tomorrow, the ECON Committee of the European Parliament will hear the nominated candidates and vote on the appointment for three top positions in the ECB (Philip Lane), EBA (José Manuel Campa) and SRB (Sebastiano Laviola). In the past, the Committee has criticised several times the lacking gender balance in nominations for EU top financial positions. […]
German Finance Minister Scholz blocks tax transparency
Under pressure from the European Parliament, the EU Commission has submitted a far-reaching proposal on tax transparency for large companies. According to the proposal, large companies should publish country-by-country where they generate how much profit and taxes they pay. This proposal of ‘country-by-country reporting’ was a great success for us Greens in the European Parliament, […]
Merkel/Draghi meeting: German federal government must commit itself to European fiscal policy
Today Angela Merkel will meet ECB President Mario Draghi in Berlin. For years Draghi has promoted a common fiscal and economic policy in the Eurogroup and among the heads of state and government of the eurozone. The spokesperson for Bündnis 90/Die Grünen in the European Parliament, Sven Giegold, said: “Merkel should finally commit herself […]
ECJ ruling on tax avoidance in Belgium: Bitter setback in the fight against tax avoidance
The European Court of Justice today ruled that the EU Commission’s decision to reimburse tax benefits of 700 million euros granted by the Belgian state to 35 companies is not in line with EU law. The spokesperson for Bündnis 90/Die Grünen in the European Parliament, Sven Giegold, said: “The ruling is a bitter setback […]