Sven Giegold

Month: March 2020

New action plan to combat money laundering: EU Commission is sending the right signal but is falling behind expectations

In view of blatant shortcomings in the fight against criminal money, the European Commission is working on a new action plan on preventing money laundering and terrorist financing in the EU. While the release initially scheduled for 25 March could be postponed due to the Corona crisis, a leak of the Commission draft action plan […]

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Coronavirus Crisis/Eurozone: Governments must commit to ESM credit lines without new austerity programmes

To cushion the economic impact of the coronavirus crisis, the ECB, the European Commission, and the German government among others have announced far-reaching monetary and fiscal policy measures. The ECB intends to support the real economy with favourable credit lines for banks and an expansion of the bond purchase programme. In addition, capital requirements for […]

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Classification of sustainable investments: Expert group confirms exclusion of nuclear power

Today the EU Commission’s technical expert group (TEG) on Sustainable Finance published its final report on the classification of sustainable investments (taxonomy). The TEG confirms the exclusion of nuclear power from sustainable financial products on the basis of so-called ‘do-no-harm’ requirements. These are designed to ensure that an activity that contributes to one sustainability objective […]

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