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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

Pisac ACM
18. 01. 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.

 

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+ 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.

 

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Former "Green-Red" German government's Foreign Minister Joschka Fischer's job at the controversial Turkish pipeline "Nabucco" was denounced as "not proper", "very bad", and "incompatible with Democracy", by the new President of EU Parliament's EuroLeft Group, German Lothar Bisky, replying to an "EuroFora" question.

For once, criticism of Joschka Fischer's doings with Turkey affecting Europe, didn't come only from the Center-Right of the political spectrum, but even from his Left side : The experienced Bisky, who has been chairing all over 1993-2009 the PDS - Die Linke party :  

- "Former Foreign Minister Joschka Fischer got involved in dealings with oil-gaz business in a foreign country, Turkey, and its controversial Nabucco pipeline. This raises questions about Democracy, also because of the well known problems of Human Rights violations in that country. Do you thing that this might be abused in order to cover up and close EU's eyes on Human Rights violations ?", "EuroFora" asked Bisky.

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- "Nabucco pipeline is (only) at the planning stage". And "there are some difficulties",  he observed from the start. But "'I don't want to get into the details of Nabucco pipeline, because I don't think that there is any point for it at the moment".
 
At any case,  "we  (EU Parliament's EuroLeft Group) strongly believe that Politicians should not get involved in the Energy Business, and all these commercial transactions", President Bisky declared on the Joschka Fiischer's affair.

- "We feel that it's something that shouldn't be done. It's not proper !"           

- "We don't think that it's compatible with Democracy either, and it gets politics into a very Bad track", Bisky went on to denounce.
                                                                                                                                                                        
- "EuroLeft  and "Die Linke" always spoke against that, saying that politicians should not get directly into the arms of private enterprises"

- "It is pretty bad if a former Minister takes a job f.ex. in a major Energy producer. So, it's an issue if a Minister who may have seen excellent opportunities, subsequently gets personally grasp of them, in very serious parts of the economy, once he has given up his (Government) job."

- "It doesn't really make politics in general look any better'", Bisky concluded.

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Earlier, this week in Strasbourg, other Journalists had also raised critical questions on former Foreign Minister Joschka Fischer's involvement in the conroversial Turkish Nabucco pipeline to the President of his own EuroParty : Kohn-Bendit of the "Greens", who, contrary to Bisky, tried to find excuses for Fischer, while criticizing his long-time partner, Schroeder for having done a similar move :

- "Shroeder was chancellor", and he "negociated" with "Russians", who gave him a job only "3 Months" after he resigned from the Government. While "Joschka Fischer", on the contrary, got a job with the controversial Turkish Nabucco pipeline only "4 Years after" he left the Government. "He didn't negociate Nabucco", so I have "no objection", Kohn Bendit claimed.

But, many Facts indicate the contrary :

Joschka Fischer was Foreign Minister in Germany from 1999 up to 2005 : I.e. from the year that EU took the controversial decision to give Turkey a "Candidate" status, until he year it started controversial "accession negotiations, (later declared "open-ended" after Sarkozy-Merkel's arrival from 2005-2007).

During that period was prepared the controversial so-called "Annan" Plan (in fact, drafted by others and attributed afterwards to the former UN SG) on Cyprus, which failed after a Popular Referendum said "No" on 2004 with a large Majoriy of 3/4 : 75%. Mainly because it was criticized for making too much concessions to the Turkish side :  Particularly by restricting Greek Cypriot Refugees' Human Right to return to their ancestral Land and/or get restitution of their Familiy Homes and private properties, usurpated by Ankara's Army since the 1974 militay invasion and continuing occupation of the northern part of Cyprus. And by weakening the Central Government, leaving to 2 "constituent States" so much powers and separate interests that more conflicts appeared inevitable, provoking the danger of a break-down in the foreseable future, with more crisis, troubles, perhaps bloodshed, etc., instead of creating an harmoniously integrated, really one federal State.

The controversial Plan was finalized on March-April 2004 at Burgenstock (Switzerland), curiously in the presence of an Envoy by the Ministry of Foreign Affairs of Germany, then governed by Joschka Fischer, but in the absence of a French and not even an European Union's Envoy, contrary to what was usually practiced on similar occasions in Switzerland (fex. in 1997 at Montreux, in 2000 at Geneva, etc).

Turkey notoriously exploited the failure of the "Annan" Plan in order to convince the EU to decide to start accession Negotiations on December 2004. This provoked an unprecedented series of Institutional Crisis inside the EU, shortly afterwards, when French and Dutch People rejected, 2 popular EuroReferenda by a majority "'No" vote to the EU Constitutional Treaty on 2005, aggraveted in 2004 a Majority Abstention to EU Elections, etc., followed by the recent Irish "No", etc.

"Nabucco" Gas pipeline was notoriously planned since ..2002. It follows an even earlier idea, for an Oil pipeline Baku-Ceyhun, which started to be prepared on 1999-2001 and was meanwhile recently completed.  

So, facts indicate that what is now at stake is based on decisions made during Joschka Fischer's term as former Foreign Minister, closely interested in Turkey's controversial EU-bid.

To the point that he now practically ...switched jobs with a poliician from Turkey, (the State which pays today openly Joschka Fischer), Mr. Ozdemir, who came earlier in Germany, got fast the nationality, and became EiuroMP in a few years, continuing now as head of the "Greens" in Germany, i.e. in Joschka's former job !...

Such astonishing facts risk, unfotunately, to give to German politician Lothar Bisky's criticism of  representative Democracy a topical meaning :

 - "We (EuroLeft Group) think that what is really at stake is Democracy. It's not only about Gas Pipelines or Energy sources", President Lothar Bisky went on to add in his reply to "EuroFora"'s question on Joscka Fischer's personal interests in the controversial Turkish "Nabuco" pipeline.

Such facts, "make People get more distance from Politics. ...People had had enough, and they are fed up !".

- "That's why we (EuroParliament's "EuroLeft" Group) want to strengthen Direct Democracy in Europe. Citizens should be involved in the (EU) Decision-making. In the end of the day, it's not going to help anyone if Politicians are always taking decisions, without involving Citizens. We want to give a voice to the People of Europe. They've got to have their say in the decisions that are taken. That's one of our absolutely fixed and steadfast views. We want more Direct Democracy in Europe. That's how it can become more effective and stronger", he concluded.

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