A union recognition agreement with one of the biggest banks in the Baltic region represents a significant victory for a young trade union organising financial sector workers.
The Union of Estonian Financial Sector Employees (EFTL) was set up in 2013 as the first trade union protecting the specific interests of banking workers in Estonia. According to EFTL, the new two-year agreement – the first of its kind in the Baltics – shows that Luminor recognises the union’s right to bargain for its members. More than half of the bank’s 610 staff are unionised.
The European Trade Union Confederation published today its plan for a European Public Treasury.
The ETUC’s proposal would be a way to insure a minimum level of public investment in all Member States. The European Commission has called for a fiscal expansion of up to 0.5% of GDP in 2017 across the euro area on the whole, but this is not compatible with the Stability and Growth pact.
Jeroen Dijsselbloem has to resign as President of the Eurogroup says ETUC General Secretary Luca Visentini.
“His insults about countries spending money on women and drink are bad enough,” said Visentini, “he has to resign immediately as Eurogroup President.
“Europe needs a more open-minded Eurogroup President who could build consensus among Ministers to deliver what Europe desperately needs – a way to increase public investment, to reform the Growth and Stability Pact, and to boost demand through pay rises in the public and private sector.
Letter for the attention of Jean-Claude Juncker, President of the European Commission
Brussels, 5 April, 2016
Commission proposal on disclosure of income tax information by certain multinational corporations
Dear President Juncker,
The European Trade Union Confederation (ETUC) is outraged by the extent of top-level tax evasion and financial corruption revealed by the so-called Panama Papers.
More than 11 million leaked files from the database of secretive Panamanian law firm Mossack Fonseca show that some of the world’s wealthiest and most powerful people, including political leaders and celebrities, are evading tax and hiding their cash in shady offshore funds that also finance companies involved in money laundering, arms deals and drug trafficking.
The tax proposals put on the table by the European Commission today represent two steps forward and two big steps backward according to the European Trade Union Confederation.
Two small step forwards
Obligatory sharing of information on how much tax multinational companies pay
Establishing the principle in European law of paying tax on profits where they are generated
Two steps backward