Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

BusinessEurope's fingetips on the Austerity Treaty

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The ESM, the euro area’s permanent bailout fund set up in 2012, is an international organization that operates behind closed doors, far from public scrutiny. The institution at the heart of EU loans to debt-ridden member states is doing its best to stave off any national influence over the conditions attached to its loans. In addition it is working closely with private consultancies, which appear to have conflicts of interest. However, the ESM is immune to democracy; we have no right to know what it is up to.
On the 15-16th of May, a People's Tribunal Hearing took place in Brussels. Representatives from organisations across Europe gave testimony to an era of financial, economic and social crisis which began in 2008. Since the beginning of the crisis, a transformation has occurred that takes Europe on a track to social regression, violations of social rights and a roll-back of democratic achievements. This verdict outlines the main conclusions of the Tribunal based on the reports and analysis from all speakers.
A Tribunal on EU economic governance and the Troika took place in Brussels on 15-16 May. Eleven witnesses from ten countries in Southern, Eastern and Western Europe gave testimony to the failure of the EU and Troika policies to address the crisis. Indeed, people’s lives and livelihoods have been devastated by the austerity and other policy measures.
Farmers, trade unions and citizens belonging to the D1920 Alliance and Alter Summit tried to shut-down Brussels' biggest corporate lobbying event this morning, where many high-level political leaders were expected, in protest at big business dictating European policy while the voices of citizens are excluded.
There has never been a more important time to ensure that the EU's top decision-makers are free from possible conflicts of interest.
Scientific advice should be transparent, objective and independent, and there should be more science and more diverse expertise available to the European Commission’s President, a coalition of 28 international and national NGOs wrote in a letter addressed to President-elect Jean-Claude Juncker today (1).
A few observations on the debate sparked by our open letter on the position of Chief Scientific Advisor to the President of the European Commission, and on the need for proper scientific advice to EU legislators.
The position of Chief Scientific Adviser to the President of the European Commission is problematic, concentrating too much influence in one person and undermining other Commission research and assessment processes. We ask Mr Juncker, the new President of the European Commission, to scrap the position.

Corporate Europe Forum