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.
EU efforts to deal with endocrine disrupting chemicals (EDCs) has provoked massive industry lobbying from multinationals producing pesticide, plastics and what have you. Many of their products contain chemicals with endocrine disrupting properties, which mean they can interfere with our hormone system even at very low exposur levels. A new film covering this battle by French investigative journalist Stéphane Horel was broadcast on France 5 in August. Now this must-watch movie is online.
Corporate Europe Observatory is looking for an experienced, French-speaking campaigner to join our team and strengthen our work on the EU-US trade and investment deal (TTIP). This position is a full time (36 hours per week) temporary position for one year. React before Friday September 26th 2014.
Karmenu Vella is a Maltese politician and the country's nominee to be European commissioner, responsible for environment, maritime and fisheries. He has been a member of the Maltese parliament since 1976, but that hasn't prevented him from also holding a variety of external business roles at the same time including within the gambling industry. CEO now argues that these recent outside interests make him unsuitable to be a commissioner.
The announcement today that Jean-Claude Juncker, president-elect of the European commission, will hand responsibility for financial services to Jonathan Hill compounds CEO's view that British PM David Cameron should withdraw his nomination of Hill.

Corporate Europe Forum