DIE GRÜNEN | EFA im Europäischen Parlament Sven Giegold Am 25. Mai:Grün für ein besseres Europa
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ECB executive board: Bulldozing through of Mersch appointment an affront to EU democratic process

Governments from Eurozone member states are expected to confirm the appointment of Yves Mersch to the executive board of the European Central Bank on Monday, ignoring a vote of the European Parliament (1). Commenting on the situation, Greens/EFA co-president Rebecca Harms stated: „Bulldozing through the appointment of Yves Mersch to the ECB executive board and […]

Financial markets and products (MiFID) EP gets tough on commodity speculation and high frequency trading but falls short on consumer protection

The European Parliament today voted on important legislative proposals on the regulation of the market for financial instruments (MIFID). The Greens welcomed the strengthening of proposals on high frequency trading and commodity speculation but regretted the failure to adopt stronger provisions on consumer protection. Commenting after the vote, Green finance spokesperson Sven Giegold (MEP, Germany) […]

ECB board vote: EPP shows flagrant disregard for democratic process

The European People’s Party has called on EU governments to ignore today’s vote by the European Parliament to reject the sole candidate, Yves Mersch, for the vacancy on the executive board of the European Central Bank. The rejection was supported due to the failure to consider any female candidates for the vacancy. The Greens hit […]

ECB executive board: EP takes stand against exclusion of women from Euro decision-making

The European Parliament today voted to reject the sole candidate (1), Yves Mersch, for the vacancy on the executive board of the European Central Bank, endorsing a vote by the EP’s economic affairs committee. The rejection was supported due to the failure to consider any female candidates for the vacancy, despite the issue previously being […]

Financial transaction tax: Ball set rolling for FTT coalition of the willing

The Greens | European Free Alliance in the European Parliament PRESS RELEASE – Strasbourg, 23 October 2012 The European Commission today set out proposals for the launch of an enhanced cooperation procedure, with a view to introducing a financial transaction tax for an initial group of 10 EU member states (1). Commenting on the proposals, […]

Market manipulation/LIBOR rules: MEPs support tougher sanctions against market manipulation and insider dealing

The European Parliament’s economic affairs committee today voted on proposals to strengthen EU rules against financial actual market manipulation and insider dealing. The Greens welcomed the vote, which would introduce tougher sanctions and other measures, with Green finance spokesperson Sven Giegold (MEP, Germany) stating: „The recent LIBOR interest rate rigging scandal has underlined the need […]

Financial transaction tax: Greens hail landmark moment for FTT

Commenting on the announcement that a group of eleven EU member states has agreed to move forward with the implementation of a common financial transaction tax through an ‚enhanced cooperation‘ procedure (1), Green economic and finance spokesperson Emilie Turunen (MEP, Denmark) stated: „This breakthrough on the financial transaction tax (FTT) is a landmark moment both […]

Energy efficiency:
EP adopts crucial new law; swift implementation urged to maximise EU energy savings drive

The European Parliament today adopted new EU legislation on energy efficiency and savings (1). The EP’s draftsperson/rapporteur, Green MEP Claude Turmes, welcomed the vote but called for swift implementation and the reorientation of public policy and funds to ensure these job-creating measures can be delivered. After the vote, the EP rapporteur/draftsperson Claude Turmes said: „This […]

EU mortgage rules:
EP votes to strengthen consumer protection but fails to deal with macroeconomic risks of property lending

The European Parliament’s economic affairs committee today voted on draft EU legislation on mortgages (CARRP – credit agreements relating to residential property). The Greens welcomed the strengthening of proposals in a number of areas but regretted the failure to properly address the macroeconomic impact of property lending. After the vote, Green finance spokesperson Sven Giegold […]