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22 September, 2016

EU citizens depend on internal conflict interests to assert their rights


The EU parliament has been proved completely unable (and unwilling to some extent) to prevail over the lobby-occupied bureaucrats and the ECB dictatorship. So, eventually, the European Court of Justice decided to take action and actually turn against European Commission and European Central Bank.

From euractiv.com :

Has the troika infringed EU citizens’ fundamental rights through its insistence on austerity measures in crisis-hit countries? It’s a question that seems set to be analysed in ever greater detail and may lead to claims being made against the European Central Bank, the International Monetary Fund and the European Commission, after the ECJ ruled that citizens are entitled to sue the troika.

The Luxembourg-based court’s decision was based on the banking crisis that hit Cyprus in 2013. At the time, the troika and the Cypriot government agreed to a restructuring, which involved uninsured deposits of over €100,000 being used to recapitalise the Bank of Cyprus. In return, the embattled country received a bailout from the European Stability Mechanism.

As a result, some investors lost a large amount of money and then decided to sue the Commission and the ECB for damages. Although the ECJ’s judges dismissed the case as they ruled that stabilising the banking system served the common good of the EU, they added that bringing damages against the troika is possible in principle, if someone’s fundamental rights have been breached.

German jurist Andreas Fischer-Lescano told Spiegel Online that possible action could be brought by Greek citizens on account of the so-called Memorandum of Understanding which has affected the way in which prescription drugs are co-financed. He suggested that anyone who has struggled to access necessary medicines as a result would be eligible to make a claim. However, Fischer-Lescano warned that the ECJ’s decision is not a blank cheque for everyone and anyone to bring a case against the troika. Although it is now possible to intervene in extreme cases, the plaintiff will still have to clearly show that their fundamental rights have been sufficiently violated. Even then, the Court would have to judge on a case by case basis whether the public interest outweighed their individual needs.

After the eruption of the refugee crisis, which apparently was another strong hit against the rotten structure of the EU, the decision of the European Court of Justice is another sign of this ready-to-collapse structure. A European institution finally forced to turn against other European institutions. In the fairy tale of the European Dream, that has been narrated to the Europeans for decades, all the European institutions were supposedly created to cooperate for the common good of the European citizens. Well, the decision of the European Court officially confirms that this was an illusion.

But, it can get worse: apparently the decision was a result of the pressure exercised by the investors lobby, who lost their money, or fear that they may lose more in the future, during the banking crisis in Cyprus. It was not a decision that came out from the obvious disaster of the Greek economy by the Troika policies the last six years. It was not a decision that came out from the impoverishment of millions of Greeks due to these policies.

This is another tragic proof that the European parliament has become actually a decorating element in the corrupted, lobby-occupied EU. It appears that the only way for the European citizens to assert their rights, is to take advantage of some internal conflict interests between lobbyists inside this "remarkable" union.

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