The financial centre of Malta, which has been hit by money laundering and corruption scandals, cannot shake off its reputation as a gateway to dirty money. Deutsche Bank will therefore cease all activities as a correspondent bank in Malta at the end of the year. Before the announcement of Deutsche Bank, the Dutch ING had […]
Men’s nomination: EU Parliament must seek institutional conflict after Panetta’s nomination for ECB Executive Board
Today the Eurogroup decided to nominate Fabio Panetta to succeed Benoît Coeuré as a member of the ECB Executive Board. Following the departure of Mrs Lautenschläger, there would now be five men and only one woman (Christine Lagarde) on the Executive Board, and 24 men and only one woman on the Governing Council. MEP Sven […]
Hearings of von der Leyen Commission: Paolo Gentiloni commits to present new EU tax action plan
Paolo Gentiloni, nominated to become the future Economic and Tax Commissioner, announced his support to present a new action plan to combat tax avoidance and climate change in today’s hearing before the European Parliament. In response to Sven Giegold’s question about a continuation of the ambitious tax agenda of the previous EU Commission, Gentiloni replied […]
News from the Social Economy in Europe
Dear friends of the Solidarity Economy, there is a new opportunity for strong European initiatives for the Social and Solidarity Economy in Europe. Between 2009 and 2014, Michel Barnier made great progress on EU rules for the Social Economy, with the support of some of us MEPs. Unfortunately, in the last EU Commission, there was […]
Tax: Fiat and Starbucks rulings show urgent need for better EU laws on tax avoidance
Today, the European General Court has annulled the Commission’s decision on the fiscal state aid measure implemented by the Netherlands in favour of Starbucks and confirmed the Commission’s decision on the aid measure granted by Luxembourg to Fiat. Sven Giegold MEP, financial affairs spokesperson for the Greens/EFA group, comments: “Today’s rulings by the General Court […]
Information on events: Event with German Ministry of Finance on MiFiD II, 26.9, and conference on institutional investors, 25.9.
Ladies and Gentlemen, I would like to draw your attention to an event on experiences with the Financial Markets Directive II (MiFiD/MiFiR) organised by the Federal Ministry of Finance at which I will speak: Does MiFID II do the trick? Investor Protection and Secondary Market Rules: Experience and Forecast 26. September 2019 morning event – […]