Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

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Austerity forever

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.

 

CEO presents some first reflections on the UK's vote for Brexit.

The current struggle in France over labour law reforms is not just between the Government and trade unions – a European battle is waged. The attacks on social rights stem in no small part from the web of EU-rules dubbed 'economic governance', invented to impose austerity policies on member states.

This summer Greece's financial authorities fined 20 hedge funds for speculating against the Greek economy. Now, the main global lobby group for hedge funds is trying to tweak the EU's rules so they can have a free play in the future.

Civil society groups denounce the Commission's plan for a Capital Markets Union. No lesson has been learnt from the financial crisis, they say.
The European Food Safety Authority (EFSA) yesterday announced it will release the majority of the raw study data used in its toxicity assessment of glyphosate. This is a welcome step towards greater regulatory transparency.
The latest revelations about ‘Steelie’ Neelie Kroes show that, when it comes to ethics and transparency, the Commission is complaisant about conflicts of interest and far too relaxed about the risk of corporate capture.
The European Food Safety Authority (EFSA) told CEO today, and publicly announced on their website, that they would disclose most of the raw data of studies on glyphosate used in the EU's toxicity assessment of glyphosate.
In an attempt to fix its public image, Dieselgate-shaken Volkswagen names former EU Climate Commissioner Connie Hedegaard as member of its new ‘Sustainability Council’. Although the role is unpaid, it is highly questionable whether Volkswagen is actually committed to making up for its previous foul play.
 
 
 
 
 
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The corporate lobby tour