A small club of big consultancies has a monopoly on servicing EU bailouts, posing questions on transparency and conflict of interest.
Danish and Polish reporters just broke the same story - on misuse of EU funds by right-wing MEPs. It caused a scandal in Denmark, but nothing in Poland. One of the writers asks why.
News in Brief
- EU border force becomes operational
- Nato urges EU to uphold Russia sanctions
- One in four Europeans smoke tobacco
- US pledges 'unwavering' Nato loyalty
- EU nationals in post-Brexit UK will need 'form of ID'
- Denmark offered Europol compromise
- UK PM to reveal more details of Brexit strategy
- EU to propose agriculture policy reform in 2017
Slovenia is paying consultancies over €21 million to test its banks in controversial contracts classed as military secrets.
An Italian judge has convicted Deutsche Bank of fraud, amid widening probes on tax evasion and rate-fixing.
"You will be surprised in the autumn by the degree of movement that will have taken place in some member states," says Thomas Wieser, one of the economists preparing plans for banking union ahead of the October EU summit.
The European Central Bank is an important firefighter in the euro-crisis. But increasingly divergent eurozone economies are limiting the effects of its policies and democratic scrutiny remains an issue.
Concern over democratic oversight of the EU's bailout funds has led to six constitutional complaints in Germany and outrage in the European Parliament.
A lobby for the world's biggest banks - the International Institute of Finance - became a key EU player when it negotiated the debt cut on Greece's second bailout. Its world of rented castles and sopranos shows losses were bearable.
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