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Home arrow newsitems arrow COCOBU President Grässle + EIB v.President Stubb to EF on Capitals + Transparency versus Bubbles

COCOBU President Grässle + EIB v.President Stubb to EF on Capitals + Transparency versus Bubbles

Автор ACM
Thursday, 18 January 2018
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*Strasbourg/EU Parliament/Angelo Marcopolo/- The Fact that Study the Past can Help Build a Good Future, was Highlighted anew in EU Parliament's key Committee on Budgetary Control, as it results from Statements to "Eurofora" by its Experienced President, German ChristianDemocrat/EPP MEP, Dr. Ingeborge Graessle :

 

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During a Hearing of EIB's vice-President, former Prime Minister of Finland, Alexander Stubb, (for some of his Statements to "Eurofora", Comp. Infra, and at: ..., etc), that traditionally Important Committee (also known as "COCOBU"), examined EIB's Financial Activities for 2016, in order to judge whether and how it would agree on giving it a Discharge, with a Report Drafted by Italian MEP Marco Valli, of the EFDD Group, which is due to be Debated and Adopted by EU Parliament's Plenary Session of April 2018, (as President Grässle has just anounced).

- In this Context, when the Time Came for MEP's Questions, President Grässle, surprizingly asked Stubb about the Proportions and the Nature of "Private Capital" attracted by EIB's Activities that Year.

 

 cocoby_head_graessle__agg_eurofora_400

+ Speaking, Later-on, to "Eurofora", COCOBU's President clearly Stressed that, in Fact, this was, in her view, one among the Most Important Points.

Given the Crucial Role that EIB notoriously Plays for a Succesfull Implementation of EU Commission President, Jean-Claude Juncker's Investment Plan, "Eurofora" asked Dr. Graessle to kindly Explain the reasoning behind her move.

 - It's simply Because we'd Better make Sure that there is Enough Private Capital attracted by the EIB, in order to Avoid Provoking, Otherwise, a Financial "Bubble", she sharply told us in Reply.

- And, when, astonished, "Eurofora" wondered how it might be possible, for a European Bank so Solid as EIB to eventually have to Face and Win against a Challenge such as a "Bubble", Dr. Grässle became more Specific :

- Since, if there wasn't enough Private Capital, that might mean that EIB would have used, then, Only Public Funds, Despite the Fact that Most of EU's Member States were InDebted", COCOBU''s President Explained to "Eurofora", with a smile.

- And the Fees were quite considerable, Back on 2016, she also added, in this regard.


- This making sense, Stubb naturally promised to provide asap all the required Data, in even more concrete Detail, just after having Boasted, earlier, that, as a matter of Principle, "EIB is (comparatively) Cheap", because "we have an <<AAA>> Rating", as he pointed out, inter alia also since "it's Not Possible to have a Bankruptcy for 28 Member States, taken All Together"...

 

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+ Concerning Both the above-mentioned, and Other Various Data,  as well as an overall efficient "Transparency" Mechanism, that certain MEPs asked too, vice-President Stubb , while Promising to become even more forcthcoming asap, also Boasted that, Recently, the EIB would have "Reversed" a 50 Years Old , former "Communication Policy", which had been  "Resumed in the sentence : " No News" it's the Best !"


=> But, for us, from Now on, it's Exactly the Contrary : - "EIB is a Bank of Good News !", Stubb Concluded, ...


- Speaking Afterwards to "Eurofora", vice-President Stubb, smiling Brightly, Confirmed that he Really Meant such a Big Change in EIB's Communication Policy...


- However, concerning a series of Main Forthcoming Developments on certain Financial Mechanisms that EIB Believes Necessary in order too Boost EU's Economy nowadays, "it Depends on EU's Member States", (i.e. on EU Council's Decisions), Alexander Stubb, more Soberly but Clearly, Distinguished between EIB's own Acts and Advises.

 

Meanwhile, the above-mentioned Report by MEP Valli is due to be Debated and Voted by COCOBU on February in Brussels, before Final Decisions by the Plenary in public on April in Strasbourg, as Dr. Grässle said.

 

 cocobu_president_graessle_speaking_eurofora_400

 

(../..)


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Sarkozy and Merkel want deals with Obama on European Security at Strasbourg's NATO 2009 Summit

oscenato
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In parallel but concording moves, EU Chair, French President Nicolas Sarkozy and German Chancellor Angie Merkel both invited this week US-President elect, Barack Obama, to discuss important deals breaking new ground on European Security during the NATO's 60 Years Anniversary Summit of Heads of State in Strasbourg, where Obama is expected to make his 1st visit to Europe as a President on April 2009.

Merkel focused mainly on smoother NATO - EU Defence and Security policy cooperation, while Sarkozy spoke about PanEuropean Security, associating both Russia and the USA, proposing to freeze missile and shields' deployement until an agreement is reached.

But both tackled some hard nuts to crack : Turkey's VETO against the participation of EU Member Cyprus to EU-NATO cooperation, and Russia's anouncement on deployment of missiles up to Kaliningrad, at EU's belly, in reply to USA's wish to set up missile shields in EU States such as Poland or Czech Republic, etc.


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- "Certainly...one of the points that we'll dicuss with the New US President", Barak OBAMA, "who will come f'or the 1st time in Europe as president, at the NATO Summit", co-hosted by France and Germany in Strasbourg, ""concerns, above all, the European Security and Defence Policy" (ESDP), and "the relations between NATO and its partners", with whom it should "work together", anounced earlier this week Merkel.

We must find "a reasonable and adequate concept to articulate NATO and European Security and Defense policy", because of a "series of practical issues, sometimes difficult to understand", but that "we must discuss".

nato__merkel

- "An example" of that is "the issue of Cyprus and Turkey", said Merkel, where Ankara raises problems "from Kosovo up to Afghanistan", as also CoE's chair, Swedish Foreign Minister Carl Bildt recently observed in Strasbourg replying to EuroFora's questions.

- "We must do something to smoothen this problem for good, and not only on a case-by-case basis, laboriously negotiated each time". Here, we must find "a reasonable and adequate concept to articulate NATO and European Security and Defense policy", Merkel stressed.

- "With good will from all sides, it could and should be posible. Germany wants also to help on that". Otherwise, "the coming generations will not understand why it took Decades to do so". But, if we "don't even achieve that for Decades, this would be an Historic Failure !", the German Chancellor warned

- "I think that our American partners are increasingly realizing that", Merkel said, pleading for "a stronger European Security and Defence policy, with which, I believe, the Atlantic Security Partnership can also strengthen and solidify".

Meanwhile, USA is also due to take in 2009 a special status inside EU-led EUROCORPS, the European Army HeadQuarters, based in Strasbourg.

Merkel said that after meeting in Berlin with NATO's Secretary General, Jaap de Hoop Scheffer, earlier this week, precisely in order to "prepare NATO's Summit", scheduled for the beginning of April 2009 in Strasbourg.

Scheffe, knows well Strasbourg, since he chaired the CoE, as Holland's Foreign Minister, when he brokered a controversial deal precisely on Turkey and Cyprus about the implementation of ECHR judgements on Greek Cypriot displaced persons' houses and properties in 2003. He returned later at least once, for a WEO meeting at the CoE, where he precisely had highlighted such EU - NATO issues.

EU Commission's 2008 Report on Turkey has just observed that, on European Defense - Security policy, "Turkey continues to object to EU-NATO Cooperation which would involve all EU Member States". "This created Problems for EU-NATO co-operation in the context of Civilian ESDP missions, in particular in Kosovo and Afghanistan".
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 French EU Chair, President Sarkozy and Merkel are visiting Washington on Friday and Saturday for a Global G-20 Summit with current US President George Bush, on the sidelines of which are expected preparatory contacts with US President-elect Obama's entourage, even if himself might stay in Chicago until he takes over on January 21.

Before going to Washington, Sarkozy concluded today an UE - Russia Summit with Dmitry Medvedev, where they "spoke in length on PanEuropean Security" :

- As EU President, I proposed that we meet on mid-2009 in a framework such as OSCE's in order to set the foundations of a Future Pan-European Security, which would associate Russia and USA, and that, meanwhile, nobody speaks about deploying missiles or shields, which complicate the situation".

- NATO's Summit in Strasbourg-Kehl, on April 2009 is a perfect occasion to discuss with our American friends and to prepare a possible OSCE Summit for these issues f.ex. for June or July", Sarkozy concluded.

- We must all abstain from Unilateral measures" dangerous for Europe's security. "Russia only reacted to decisions taken by some other countries. But if they are ready to cooperate, we are ready to discuss. EU could be an intermediary", added Russian President Dmitry Medvedev, before going himself too at the Washington G-20 Economic Summit.

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