Today the Committee of Permanent Representatives of the Council of EU Ministers (COREPER) met to take a decision on the compromise on the classification of sustainable investments (taxonomy). The compromise was reached last week in inter-institutional negotiations between the Council and the European Parliament. At today’s meeting, the representatives of the national governments blocked the […]
Green Deal Day: Sven’s Watchlist
Today, Commission President von der Leyen presents her Green Deal for Europe to the plenary of the European Parliament. Sven Giegold, spokesperson for Bündnis 90/Die Grünen in the European Parliament, said that the following points should be carefully considered: 1. Climate targets It is an important step in the right direction that Ursula von der […]
Financial transaction tax: Scholz’ proposal does not deserve the name financial transaction tax
The German Finance Minister Olaf Scholz (SPD) has, at the request of nine other EU finance ministers, presented a final draft on the taxation of financial transactions, which we have seen. Already in September 2011, the European Commission had proposed a financial transaction tax for shares, bonds and derivatives throughout the European Union. Because the […]
Taxpayers’ money for Nord/LB: EU Commission must not apply double standards
At the end of last week, the EU Commission approved the billion-euro rescue of Norddeutsche Landesbank (Nord/LB). EU Commissioner for Competition Margrethe Vestager said on Thursday that the bail-out was being carried out under normal market conditions and was therefore not in breach of EU state aid rules. Nord/LB had entered into difficult waters as […]
Breakthrough for sustainable investments: Council and European Parliament agree on classification
The European Parliament and the Council have just agreed on a compromise on the classification of sustainable investments (taxonomy). The regulation defines which economic activities can be called sustainable in the common market and thus be included in a financial product labelled as sustainable. A sustainable financial product is one that makes a positive contribution […]
Malta: Sven Giegold will participate the urgent mission of the European Parliament
Already this Tuesday and Wednesday an urgent mission of the European Parliament will visit Malta. According to the draft programme the cross party group of MEPs will speak with the most relevant public institutions, media, NGOs and the family of Daphne Caruana Galizia. The mission takes place in the framework of the Rule of Law […]