-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessBRUSSELS WATCH: EC Defends 2-Month Travel Bill Of Near E500000
By Tara Oakes
BRUSSELS (MNI) - The European Commission Wednesday defended commissioners'
travel expenses approaching E500000 for a two month period.
Figures requested by NGO Access Info revealed a total price tag of E492,249
over January-February 2016, with Foreign Policy Chief Federica Mogherini's
E75,000 trip to Baku the most expensive, according to Belgian magazine Knack.
The bill for EC President Jean-Claude Juncker's trip to Rome in February
2016 included a private air taxi which topped E25000 for the 9-person
delegation.
EC Spokesperson Mina Andreeva insisted that the air taxi was chartered
because there was no viable commercial option.
Defending the EC's decision not to publish expenses in the same rolling way
as UK MPs now face after the British parliamentary expenses scandal, the EC said
it was "one of the most transparent administrations in the world" and that
constant updates would not be cost-effective.
"I don't agree that it's just about putting up a PDF," Andreeva said when
asked why the documents couldn't be uploaded online when filed.
Juncker's average stood at slightly over two missions every month, about a
third of which were to the European parliament's second seat in Strasbourg, the
EC said.
But defending the costs by using Strasbourg is unlikely to calm those
angered by the expense figures, given that the cost of the monthly decamping of
officials from Brussels to France has already raised eyebrows, standing at
roughly E114mln a year.
A group of MEPs from across the bloc and the political spectrum argued in
Euractiv in July for a "single seat" European parliament -- but the campaign is
yet to gain serious political traction, they conceded.
"Year after year we have voted with large majorities to end this wasteful
circus, but so far to no avail," MEPs Anna Maria Corazza Bildt, Pina Picierno,
Ashley Fox, Beatriz Becerra, Dennis De Jong and Ulrike Lunacek wrote.
--MNI Brussels Bureau; +44 203-865-3851; email: tara.oakes@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,MC$$$$,MI$$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.