European Parliament

SOS against financial lobby

Published on 22 June 2010 at 10:41

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"We need help", declared 22 MEPs from all of the major political groups, headlines the [Tageszeitung](http://www.taz.de/1/zukunft/wirtschaft/artikel/1/banker-lobby-beherrscht-bruessel/). On the 21 June, they called upon civil society and the Commission to counter the powerful banking and financial lobbying, which has gained a monopoly on advising the Parliament, in the absence of its own advisory body. But, argues the TAZ it would be naïve to think that NGOs recruit financial experts. This unequal battle can only be fought by making these experts unnecessary, particularly through making the financial markets more transparent.

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