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failing banks, bailout countries, plenary preparations

Brussels: The EP has launched an inquiry into how the Troika – made up of the European Commission, European Central Bank and International Monetary Fund – have dealt with countries that needed to be bailed out, namely Greece, Ireland, Portugal and Cyprus. On Monday an EP delegation visits Portugal, while on Thursday the employment committee organises a public hearing.


Alejandro Cercas, a Spanish member of the S&D group, is preparing a report on the social situation in bailout countries as a result of the Troika interference, which is the first EP report on which the public is being consulted on using LinkedIn. If you are interested, you can take part by clicking on the link on the right.


Negotiators from the Parliament and the Council will on Wednesday start talks on a single resolutions system for failing banks, which is a key part of the EU’s banking union.


The civil liberties committee votes on Thursday on €2.8 billion to fund measures in the field of asylum, legal migration and the return of people staying in the EU irregularly. They will also cast a vote on a €3.3 billion fund to boost cooperation on law enforcement. Both funds cover the period 2014-2020.


Meanwhile political groups are preparing for the next plenary session from 13-16 January. The main topics are expected to be: insider trading, NSA spying and the “sale” of EU citizenship. The outgoing Lithuanian presidency of the Council of the EU and the incoming Greek one will be discussed with representatives of their respective governments.

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