Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

Austerity forever

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The European Union’s new model of economic governance, including the Euro Pact, is a model of prolonged austerity.

The EU’s response to the economic crisis is setting member states on course towards a model of permanent austerity, including widespread attacks on social rights. To prevent any resistance, the model being put forward by the EU aims at minimising or even totally getting rid of democratic interference. This is clear from an overview of the legislative initiatives which have been adopted since the eurocrisis began, or which are expected to be adopted imminently.

 

Polluters in Peru blog

A crusade for big business-friendly deregulation, waged during José Manuel Barroso's Presidency of the European Commission, shows no signs of stopping. This neoliberal push to weaken or block new legislation appears likely to expand with Jean-Claude Juncker's new Commission team.
Answer the call from the D19-20 Alliance in Belgium to take to the streets against TTIP and austerity on Friday 19th December 2014, as the second day of the European Council Summit unfolds
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 new draft EU directive currently looked at by the European Parliament wants to protect companies' "trade secrets", but uses definitions so large and exceptions so weak that it could seriously endanger the work of journalists, whistle-blowers, unionists and researchers as well as severely limiting corporate accountability. We publish a joint statement together with several other groups for the directive to be radically amended.
In the face of a disastrous Lima Outcome for local communities, their environments and the climate, many of the climate justice groups attending COP20 released a joint statement in response to what countries had agreed to, as well setting our own agenda.
The UN climate talks in Lima, COP20, have had the pervasive influence of business all over them. Yet despite this, business is still not happy with the influence it has on the talks and wants a greater role.
As the UN climate talks – COP20 – wrap up in Lima, CEO took part in a press conference to reflect on what two weeks of negotiations mean for climate justice and the road to Paris. Organised by the Institute of Climate Action and Theory, CEO was joined by with Michael Dorsey (board member of Sierra Club) and Jagoda Munic (Chair of Friends of the Earth International).

Alternative Trade Mandate

Corporate Europe Forum