This is to document information compiled by infoLibre and translated by Avaaz relevant for the upcoming decision on Commissioner designate Miguel Arias Cañete: Five Questions Cañete has not yet answered about his family infoLibre, Alica Gutiérriez * Initial translation by Avaaz only for the purposes of this briefing HAS CAÑETE HAD ANY DIRECT […]
Lord Hill refuses to provide answer on his lobbying past
Following the first hearing of Lord Hill, commissioner-designate for EU financial market affairs, the European Parliament´s Economic and Monetary Affairs Committee (ECON) had invited Hill to a second exchange of views. Prior to this meeting on Tuesday, 6 October (13:00 – 14:30), the ECON Committee had also sent a list of written queries to Hill. […]
Bull in a china shop: Lord Hill is not suitable as commissioner for financial stability
After 3 hours of a critical hearing Lord Hill left a puzzeled European Parliament behind. Many unanswered questions remained, he did not present own ideas and hid behind vague replies. He could not properly flesh our Mr. Juncker’s idea of a capital markets union which will be one of his main priorities. Lord Hill refused […]
Nuclear power/state aid – UK’s Hinkley deal cannot be waved through by EU Commission
Leaked reports indicate the European commissioner in charge of state aid, Joaquín Almunia, is set to recommend approving plans by the UK government to give public support for the construction of a new nuclear power plant at Hinkley (1). Commissioner Almunia was today questioned by Green MEPs on the reports on the Hinkley C state […]
Solvency II: Backroom deals in Bruxelles shall boost securitization on the back of customers and tax payers
Calibration of securitized loans Since several years member states negotiate the critical calibration of the new Solvency II framework for Europe’s insurance sector. During these negotiations over the implementing measures the risk weights for securitized products were lowered several times. The table shows the deterioration of the risk multiplier in the formula which determines the […]
Lord Jonathan Hill, Baron Hill of Oareford, mag Europäische Demokratie nicht
Lord Jonathan Hill wurde von Ihrer Majestät der Königin von England zum Lord auf Lebenszeit gemacht. Im House of Lords sprach er im Juni über die Auseinandersetzung zwischen dem Europäischen Parlament und dem Europäischen Rat der Regierungschefs, wer wie viel Einfluss auf die Ernennung des Präsidenten der EU-Kommission haben sollte. Ohne selbst jemals ins Parlament […]