Parliament approves the “rule of law conditionality” for access to EU funds

This article is brought to you in association with the European Parliament. On Wednesday, MEPs approved the regulation designed to protect EU funds from being misused by EU governments who bend the rule of law. Under the new regulation, EU budget payments can be withheld from countries in which established breaches of the rule of law […]

The European Parliament fails to really restrict the rating agencies

The European Parliament adopted yesterday tougher rules for the issuance of creditworthiness ratings on governments and private businesses by the relevant agencies. Obviously the new legislation was voted in relation with and aims to set new restrictions on the activities of the three largest of them, namely Standard & Poor’s, Moody’s and Fitch IBCA. But […]