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EIB Faces Accusations of Lack of Transparency
March 20, 2015
According to The Guardian, a report from the European ombudsman on the European Investment Bank ("EIB"), owned by EU member states, criticizes the EIB for "maladministration" for refusing to make public a report on the alleged evasion of millions in taxes by an African mining firm.
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EU Seeks New Rules on Tax Governance
March 20, 2015
The Irish Times reports that following the European Commission's proposal to require EU member states to publicly disclose information on corporate tax rulings each quarter, the Commission plans to advance a proposal to establish a single set of rules for calculating corporations' taxable profits in the EU.
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Activists Call for EU Legal Action over U.K. Energy Use
March 19, 2015
The Guardian reports that campaigners are calling on EU officials to pursue legal action against the British Government over the U.K.'s alleged failure to abide by Brussels regulations requiring governments to increase their countries' energy efficiency.
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EU Resolution Calls for Stronger Foreign Policy
March 19, 2015
The European Parliament has passed a resolution calling for a stronger EU foreign policy through "permanent structural cooperation" and "pooling and sharing" of national resources.
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ECB President Calls for "Quantum Leap" in Integration
March 19, 2015
Arguing that the eurozone countries had "integrated too much to even entertain reversing the process," President of the European Central Bank ("ECB") Mario Draghi has called for a "quantum leap" forward in the convergence of eurozone institutions.
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