COCOBU President Grässle + EIB v.President Stubb to EF on Capitals + Transparency versus Bubbles
*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 :
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.
+ 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"...
+ 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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EU-educated charming young Chinese presence started to be felt in Council of Europe's corridors in Strasbourg at the aftermath of an Historic Resolution adopted by its Parliamentary Assembly in favor of opening the possibility to give China a special "Status" in the PanEuropean Organization.
- "My proposal to offer to China an official status as "Observer", in short term, under conditions, was welcomed" by the CoE : "The road to Dialogue between China and the CoE has now been opened", declared after Strasbourg's debates and votes the Head of France's delegation, MEP Jean-Claude Mignon.
"Neither complacency, nor a mere condamnation of China", but a "wise approach of a political issue of great importance", advised Mignon to all those who'd either overload claims on Democracy, Human Rights or Minorities, or close their eyes to anything, there as elsewhere... A balance which was not exactly followed during debates, contrary to Mignon's personal stance, which appeared rather even-handed.
China is the only UNO Security Council permanent member which has not yet any status at the CoE, being still obliged to be represented in Strasbourg by a General Consul : USA and Canada, even Japan and .. Mexico, have already got a special Status at the CoE, following Strasbourg's decision, back in 1995, to counter-balance the accession of Russia (1996) by creating special links to traditional "Western-world" allies.
All former "Socialist" Eastern European countries started to have relations whith the CoE through its former sector on Culture and Education, before becoming full Members of Strasbourg's paneuropean organization. Speculations were unfolding recently about establishing a probable concrete link with China through the topical issue of anti-doping in Sport, on the occasion of the 2008 Olympic games.
More spectacular, a meeting co-organized a few years ago in Strasbourg, by EuroFora and the International Space University between EU Parliament's long-time Rapporteur for EU's Satellite Navigation system "GALILEO", German MEP Brigitte Langenhagen, and a group of postgraduate students, attracted special interest from Chinese experts, and was followed, in less than a month, by the anouncement of China's intention to support EU's GALILEO project with a participation of 200 million €.
Compared to that, revendications of .. "Turkish" Minorities, by Turkish MEPs, this week in Strasbourg, spreading through a wide area extended ...from Greece up to China, appeared less worrying, than pittoresque...
Meanwhile, France's political will to start involving China and other important countries in European and Global affairs was due to be raised also at the forthcoming G-8 Summit in Japan by President Nicolas SARKOZY, (NDLR : confirmed on July 5)
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