Four years ago, I framed it as a question: “George Soros‘ INET: An institute to improve the world or a Trojan horse of the financial oligarchy?” Today I would not use a question mark any more.Frances Coppola came to a similiar conclusion after attending the big INET gathering in Edingburgh in October.
The EU Ombudsman has issued her judgement that it constitutes maladministration on the part of the ECB that they have been letting their president, Mario Draghi, be a member of the private club of bankers G30. It would be an insult to the European people, if former ECB-president Jean-Claude Trichet, long-time chairman of said club G30 and its current honorary-chairman, would continue to serve as the chairman of the ethics committee of the ECB.
The governor of the Bank of England, Mark Carney has at least two things in common with Mario Draghi, the president of the European Central Bank (ECB): He worked for Goldman Sachs before becoming a central banker, and he is a member of the Group of Thirty. The EU-Ombudsman has just called it maladministration on the part of the ECB to let Mario Draghi be a member of that secretive bankers’ club. This should invite the question: What about Mark Carney and the Bank of England? The British press, apparently, couldn’t care less.
The ECB has answered questions posed by the European Ombudsman to president Mario Draghi regarding his membership and his participation in closed-door meetings of the Group of Thirty (G30), a Group in which the world’s most central bankers and commercial bankers comingle. The 17-page reply manages to evade several questions, is quite selective in the information given and even contains some false statements.
Legal scholar Jane Kelsey from New Zealand has assembled an extremely well-informed report about the negotiations for the Trade in Services Agreement (TiSA). You learn about the main corporate sponsors of these negotiations, organized in “Team TiSA”, which have privileged access to official negotiators. Kelsey also exposes, how the TiSA sponsors took many of their extreme proposals for the prevention of regulation of finance and data abuse from rejected earlier attempts at agreements and how they continue to plug them into any trade agreement that comes along. This report is thus required reading for anybody who deals with trade agreements or data privacy issues.