Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

Economy & finance

Under this section you can find our work about the financial market lobby as well as our analysis on the EU crisis and the economic governance measures the EU is putting in place as a response.

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The corporate lobby tour

A few weeks after the May coup against Dilma Rousseff by conservative parties backed by the country's largest corporations, Brazil's “interim” government, led by Michel Temer, signed an emergency loan to the State of Rio de Janeiro to help finance infrastructure for the 2016 Olympics. The bailout was conditional to selling off the State's public water supply and sanitation company, the Companhia Estadual de Águas e Esgotos (Cedae). 

When we interviewed City Councillor and chair of Rio’s Special Committee on the Water Crisis Renato Cinco, in December 2015, he was already warning against such privatisation threats and provided important background information on the water situation in Rio.

The financial sector has used the threat of Brexit via the UK referendum on EU membership to promote its deregulatory agenda since 2013, according to a new study (1) by Corporate Europe Observatory.

In the run up to the UK referendum on EU membership on 23 June, Corporate Europe Observatory has tabled a series of freedom of information requests to find out how UK finance lobbies have been influencing the referendum negotiations and the Capital Markets Union. But the Brexit-Bremain referendum seems to be a freedom of information black hole.

Juncker´s transparency initiative shows only tip of the iceberg