The real estate magnate footed the $6,000-per-month bill for Hidden Lake Academy, a private school in Georgia, for one year, the ProPublica report said, and then paid for tuition at another boarding school in Virginia. It’s unclear how much Crow put down, but if he paid for all four years at the two schools, the bill would be more than $150,000, the report found.
“Let’s be clear about what is supposedly scandalous now: Justice Thomas and his wife devoted twelve years of their lives to taking in and caring for a beloved child — who was not their own — just as Justice Thomas’s grandparents had done for him,” Paoletta said in the statement.
Paoletta called the fresh accusations of wrongdoing by the justice “malicious,” and said that “this story is another attempt to manufacture a scandal about Justice Thomas.”
The ProPublica report included a statement from Crow’s office in response to their questions: “Harlan Crow has long been passionate about the importance of quality education and giving back to those less fortunate, especially at-risk youth,” the statement said. “It’s disappointing that those with partisan political interests would try to turn helping at-risk youth with tuition assistance into something nefarious or political.”
Thomas’ ties with Crow have come under a microscope ever since ProPublica reported last month that Crow had financed luxury vacations for the justice for over two decades, which Thomas did not report.
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( With inputs from : www.politico.com )
The German government, local authorities and trade unions reached a deal late Saturday on higher pay scales for the country’s 2.5 million public-sector workers, staving off the possibility of indefinite strikes.
“We have accommodated the unions as far as we can responsibly do under difficult budgetary circumstances,” said Nancy Faeser, the country’s interior minister. Trade union Ver.di had called for significant raises as the country, like many others across the Continent, grapples with high inflation.
Among other things, the deal entails tax-free one-time payments totalling €3,000 in several stages, with the first €1,240 to be handed out in June, followed by €220 each month from July to February 2024. In March 2024, monthly pay for all public workers will increase by €200, followed by a 5.5 percent salary increase, with a minimum increase of €340.
The agreement runs for 24 months.
The compromise is largely based on a proposal by arbitrators who were called in after talks broke down last month. Ver.di had initially asked for a 10.5 percent raise and at least €500 more pay over a twelve-month period.
Frank Werneke, the union’s chair, said the negotiations had not been easy. “With our decision to make this compromise, we went to our pain threshold,” he said.
Municipalities in the country fear the deal may pose new financial challenges for them. Prior to the negotiations, Karin Welge, president of the Federation of Municipal Employers’ Associations, had estimated the deal could create additional costs of €17 billion for cities and municipalities.
The agreement sets an end to months of negotiations. In a string of walkouts, employee representatives in recent months had disrupted public administration and other public services. At the end of last month, Ver.di, together with the national rail and transport union, brought rail and air traffic to a halt across the country in a large-scale strike.
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( With inputs from : www.politico.eu )
NHAI enables FASTag-based payments at forest entry points
New Delhi: National Highways Authority of India (NHAI) has enabled FASTag-based payments at forest entry points to facilitate seamless and efficient process for vehicles entering the forest areas.
Indian Highways Management Company Limited (IHMCL), a company incorporated by NHAI to carry out electronic tolling, has inked an MoU with the Nagarjunasagar-Srisailam Tiger Reserve spread across the states of Andhra Pradesh and Telangana.
Officials said the initiative aims to provide a FASTag based payment system at forest entry points and will extend the benefit of collection of Ecosystem Management Coordination fee via FASTag at various entrance points of the Tiger reserve.
The FASTag system employs ‘Radio Frequency Identification’ technology to enable automatic toll payments at toll plazas and affixation of FASTag on all 4-wheelers and above vehicles have been mandated across the country.
“By enabling FASTag-based payments at forest entry points, visitors can avoid long queues and delays, allowing them to savour the natural beauty and wildlife of these areas without any hassles,” a statement noted.
This partnership between IHMCL and the Forest Department is a significant step towards promoting sustainable tourism and preserving natural resources by curbing vehicular emissions at the forest entry points.
BERLIN — Germany’s center-right opposition wants to raise the heat on Chancellor Olaf Scholz by launching a parliamentary investigation into his alleged connection to a massive tax evasion scandal.
The case — which dates back over five years to the time when Scholz was still mayor of the Hamburg city-state — is linked to the broader so-called “Cum Ex” affair, under which the German state was defrauded by over €30 billion as some banks, companies, or individuals claimed tax reimbursements from authorities for alleged costs that never occurred.
The scandal already hung over the Social Democratic politician’s election campaign in 2021 but had little impact in the end as Scholz’s potential involvement remained unclear. Now it is heating up again after new details emerged that put his previous defense in question.
The Hamburg regional parliament plans to summon Scholz this spring — which will be for the third time — to an investigative committee looking into the scandal. And now the center-right CDU/CSU bloc also wants to set up an inquiry at the national level in the Bundestag.
“We will request a parliamentary committee of inquiry into the Scholz-Warburg tax affair in the German Bundestag in the first parliamentary week after the Easter vacations,” said the CDU’s Mathias Middelberg, deputy parliamentary group chairman, on Tuesday.
A government spokesperson said that “as a matter of principle,” Berlin does not comment on decisions announced by Bundestag members “out of respect for the constitutional body,” according to media reports.
Katja Mast, the Social Democrats’ chief whip, said the CDU/CSU is not following any interest in knowledge, but rather party tactical interests. “They bring up allegations that have long been refuted,” she said, adding that the committee in Hamburg had clarified all questions.
The CDU/CSU group has enough votes in parliament to be able to set up an investigative committee. The Left party also said it would back such a request. Parliamentary investigative committees can hear witnesses and experts and request access to documents. Although the findings are summarized in a non-binding report, the political consequences, such as for upcoming elections, could be significant.
In a letter to the CDU/CSU parliamentary group seen by POLITICO, chairmen Friedrich Merz and Alexander Dobrindt said that the case should be investigated due to its “significant” importance for German national politics.
Scholz has come under scrutiny because of his links to one Hamburg-based bank involved in the tax evasion scheme: During his time as mayor, he met on three separate occasions in private with one of the owners of the M.M. Warburg & Co. bank, which was already under investigation at the time by the Hamburg tax office. Officials were planning to reclaim €47 million, which they believed were ill-gotten gains in connection with the fraud.
However, in the end, the finance authority let the statute of limitations on the payment demand expire — and years later, after details of Scholz’s meetings with the banker emerged, critics began questioning whether the top Social Democrat might have intervened in favor of the bank.
Although the chancellor has constantly denied having intervened, he has also given no answer on what was discussed during the private meetings. Instead, Scholz said on several occasions during the past two-and-a-half years that he cannot remember the content of the discussions.
During his time as mayor of the Hamburg city-state, Scholz met with one of the owners of the M.M. Warburg & Co. Bank, involved in a tax evasion scheme | Morris MacMatzen/Getty Images
That defense is now being called into question as details emerged of a previous and longtime confidential Bundestag committee hearing with Scholz in July 2020, in which he appeared to easily remember details of his meetings with the banker. His critics argue that Scholz only started to claim having no memory of the meetings when their political and possibly criminal explosiveness became clear.
“This comprehensive memory gap of the chancellor after an initial memory of a concrete meeting … raises a multitude of questions to be clarified,” the letter from the CDU/CSU states.
Scholz and his allies have repeatedly rejected such criticism as politically motivated and stressed that past investigations found no wrongdoing. Scholz also highlighted that in the end, the bank did repay the €47 million, albeit only after it was ordered to do so by a court. The Hamburg Public Prosecutor’s Office said in March that it does not see any initial suspicion against the chancellor in the affair.
That hasn’t discouraged the opposition from planning to dig deeper, though.
“The chancellor would like to see … a line drawn under the clarification of this tax affair. But it is precisely the task of parliament to control the government, to look closely, especially with so many unanswered questions,” said CDU lawmaker Matthias Hauer.
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( With inputs from : www.politico.eu )
The National Payments Corporation of India (NPCI) has announced that beginning April 1, an interchange charge of up to 1.1% would be levied on merchant UPI (Unified Payments Interface) transactions.
According to a recent circular from the NPCI, utilising Prepaid Payment Instruments (PPIs) for UPI transactions would incur an interchange fee. If the transaction exceeds 2,000, fees will be applied.
The interchange charge varies depending on the kind of retailer. It ranges from 0.5% to 1.1%, with a limit in place in specific areas.
According to a statement released today by NPCI, the new charge is exclusively applicable to merchant transactions done using prepaid payment instruments. The payments authority stressed that there will be no costs charged on conventional UPI transfers, dubbed “bank account-to-bank account based UPI payments.”
The interchange charge for telecom, education, and utilities/post office is 0.7%, while the fee for supermarkets is 0.9% of the transaction amount. Insurance, government, mutual funds, and railways will be charged 1%, fuel 0.5%, and agricultural 0.7.
The charges will be applicable from April 1.
In the event of peer-to-peer (P2P) and peer-to-peer-merchant (P2PM) transactions, exchange will not be used. PPP issuers will be asked to pay a wallet-loading charge of 15 basis points (bps) to the remitter bank for transactions above 2,000.
The NPCI will evaluate the price on or before September 30, 2023.
In August of last year, the Finance Ministry announced that UPI is a digital public benefit and that no fees will be levied on transactions done through it.
“UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means,” the ministry tweeted.
The Govt had provided financial support for #DigitalPayment ecosystem last year and has announced the same this year as well to encourage further adoption of #DigitalPayments and promotion of payment platforms that are economical and user-friendly. (2/2)
The announcement came after the RBI released a discussion paper in which it stated that UPI, as a fund transfer system, is similar to IMPS (Immediate Payment Service), and so costs in UPI might be equivalent to those paid on IMPS fund transfers.
As U.S. banking regulators begin their post-mortem of Silicon Valley Bank, some pundits are pointing the finger at crypto markets, whose own collapse over the past year left the tech-focused lender hopelessly exposed.
The conventional wisdom about crypto is that it’s “self-referential” — a separate universe to conventional finance — and that its inherent volatility can be contained. The emerging “contagion” theory is that there are enough linkages for extreme turmoil to spill over, much as a virus can sometimes jump from one species to another.
That’s what happened here, according to Barney Frank, the former U.S. congressman who wrote sweeping new banking rules after the banking crisis in 2008, and joined the crypto-friendly Signature Bank as a board member in 2015.
“I think, if it hadn’t been for FTX and the extreme nervousness about crypto, that this wouldn’t have happened,” Frank told POLITICO this week. “That wasn’t something that could have been anticipated by regulators.”
FTX, the crypto exchange that collapsed in November amid allegations of massive fraud, capped a year of turmoil in crypto markets, as investors began withdrawing funds from riskier ventures in response to rising interest rates, which in turn exposed the shaky foundations underpinning the industry. The ensuing “crypto winter” saw the value of the industry plummet by two-thirds, from a peak of $3 trillion in 2021.
Policymakers sought to reassure the public that volatility in the crypto market, blighted by scams and charlatans who sought to profit from investors’ fear of missing out, would naturally be contained. With the collapse of SVB, that claim is facing its biggest test yet.
Patient zero
Under the contagion theory, “patient zero” could be traced back to the implosion of TerraUSD, an “algorithmic stablecoin” that relied on financial engineering to keep its value on par with the U.S. dollar. That promise fell short in May last year following a mass sell-off, creating panic among investors who had used the virtual asset as a safe haven to park cash between taking punts on the crypto market. The origin of the crash is still subject to debate but rising interest rates are often cited as one of the main culprits.
TerraUSD’s demise was catastrophic for a major crypto hedge fund called Three Arrows Capital, dubbed 3AC. The money managers had invested $200 million into Luna, a crypto token whose value was used to prop up TerraUSD, which had become the third largest stablecoin on the market. A British Virgin Islands court ordered 3AC to liquidate its assets at the end of June.
The fund’s end created even more problems for the industry. Major crypto lending businesses, such as BlockFi, Celsius Network and Voyager, had lent hundreds of millions of dollars to 3AC to finance its market bets and were now facing massive losses.
Customers who had deposited their digital assets with the industry lender were suddenly locked out of their accounts, prompting FTX — then the third largest crypto exchange — to step in and bail out BlockFi and Voyager. Meanwhile, central banks continued to raise rates.
The contagion seemed under control for a few months until revelations emerged in November that FTX had been using client cash to finance risky bets elsewhere. The exchange folded soon after, as its customers rushed to get their money out of the platform. BlockFi and Voyager, meanwhile, were left stranded.
Outbreak widens
This is the point where the outbreak of risk in the crypto industry might have jumped species into the banking sector.
Silvergate Bank and Signature Bank, two smaller banks that also failed last week, had extensive business with crypto exchanges, including FTX. Silvergate tried to downplay its exposure to FTX but ended up reporting a $1 billion loss over the last three months of 2022 after investors withdrew more than $8 billion in deposits. Signature also did its best to distance itself from FTX, which made up some 0.1 percent of its deposits.
FTX, the crypto exchange that collapsed in November amid allegations of massive fraud, capped a year of turmoil in crypto markets | Leon Neal/Getty Images
SVB had no direct link to FTX, but was not immune to the broader contagion. Its depositors, including tech startups, crypto firms and VCs, started burning their cash reserves to run their businesses after venture capital funding dried up.
“SVB and Silvergate had the same balance sheet structure and risks — massive duration mismatch, lots of uninsured runnable deposits backed by securities not marked to market, and inadequate regulatory capital because unrealized fair value losses excluded,” former Natwest banker and industry expert Frances Coppola told POLITICO.
Eventually, the deposit drain forced SVB to liquidate underwater assets to accommodate its clients, while trying to handle losses on bond portfolios and an outsized bet on interest rates. As word got out, the withdrawals turned into a bank run as frictionless and hype-driven as a crypto bubble.
Zachary Warmbrodt and Izabella Kaminska contributed reporting from Washington and London, respectively.
This article has been updated to correct the value of the crypto industry.
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( With inputs from : www.politico.eu )
But federal officials acknowledge that they cannot precisely identify how much federal aid was wrongfully sent out.
Background: UI benefits are just one of a handful of large government programs that were created or expanded during the pandemic to help individuals and businesses harmed by the disruptions it caused to the economy.
At the time, policymakers made the choice to prioritize getting money out quickly, sometimes at the expense of safeguards to prevent fraudsters from exploiting the system, and the government has subsequently stepped up efforts to recover misspent funds or prosecute bad actors.
Wednesday’s hearing comes a week after one held by the House Oversight Committee with an overlapping witness list. During that earlier hearing government officials warned that these types of assistance programs continue to have significant gaps that leave them susceptible to theft and wrongful spending.
The unemployment system is particularly vulnerable because it is administered jointly by individual states and the federal government, resulting in a patchwork of rules and — in many states — outmoded technology that got overwhelmed during the heights of the pandemic.
What’s next: President Joe Biden called for additional action as part of his State of the Union address Tuesday, including extending the amount of time prosecutors have to bring charges.
“Let’s triple our anti-fraud strike forces going after these criminals, double the statute of limitations on these crimes and crack down on identity fraud by criminal syndicates stealing billions of dollars from the American people,” Biden said.
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( With inputs from : www.politico.com )
The U.K. has entered the international race to create a central bank-backed digital currency, with work to start on a “Britcoin.”
The Treasury and Bank of England said last week it is “likely” a digital pound will be needed in future for everyday payments.
“As the world around us and the way we pay for things becomes more digitalized, the case for a digital pound in the future continues to grow,” said Bank of England Governor Andrew Bailey in a statement.
The BoE’s decision to enter the race comes as other central banks, like the ECB and the People’s Bank of China, plow ahead with their own plans for public digital currencies.
A joint consultation, which runs until June 7, paves the way for more detailed work on the exact design and puts the BoE on a similar trajectory to the ECB — which is considering bringing forward a digital euro.
But there are big questions over the use case for these digital banknotes, and how they would work in practice.
The House of Lords described the project last year as a “solution looking for a problem” and some BoE officials, like Andrew Hauser, have previously voiced concerns about the implications for monetary policy.
“A narrow digital currency that largely cannibalized banknote demand, for example, might have little or no impact. By contrast, a broad digital currency with many attractive payments features could materially increase the demand for central bank liabilities,” Hauser said in June last year.
Huw Van Steenis, who advised former BoE governor Mark Carney on his Future of Finance review in 2018, told POLITICO there were still more questions than answers related to the viability of a digital pound.
“Money is too important to be left [just] to central bankers as the big decisions are political and economic, not just technical,” he said, adding that most early pilots, such as those undertaken by the Nigerian and Bahamian central banks, and even that of China itself, were struggling to gain adoption.
Central bankers have been motivated to act on fears that Big Tech challengers could constrain universal public access to digital cash and with it the sovereignty and dominance of public money.
While ordinary people can already make online payments, those are done privately through banks or payments companies. The idea of a central bank digital currency is to create a digital version of cash that would operate as a public good that comes directly from the central bank.
U.K. citizens would be able to stash Britcoins in online wallets, but there would be initial limits to avoid pulling money out of banks | Chris J Ratcliffe/Getty Images
U.K. citizens would be able to stash Britcoins in online wallets, but there would be initial limits to avoid pulling money out of banks — amid fears that could threaten the stability of the financial system.
A digital pound would also not be totally anonymous to avoid fueling money laundering but users would be able to choose their private settings like for online ad-tracking on social media — and the government would not have access to private payment data. The data would, however, be available to police authorities.
Still, a decision on whether to go-ahead with a digital pound won’t take place until the middle of the decade.
Izabella Kaminska contributed reporting.
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( With inputs from : www.politico.eu )
Top EU leaders are traveling to Ukraine this week, but they won’t be bringing promises that the war-torn country can join the bloc anytime soon.
Brussels is expected to pour cold water on Ukraine’s hopes that it could swiftly join the EU during a two-day summit in Kyiv, according to a draft statement set to be issued at the event and seen by POLITICO.
The statement makes no specific mention of the ambitious timeline Ukraine has set out, with the country’s prime minister, Denys Shmyhal, even telling POLITICO this week that he hopes to join within two years. Instead, the document offers only vague assurances about moving the process forward once all EU-mandated milestones are met.
“The EU will decide on further steps once all conditions specified in the Commission’s opinion are fully met,” the draft states. “Ukraine underlined its determination to meet the necessary requirements in order to start accession negotiations as soon as possible.”
The wording follows significant pushback from some EU countries about over-promising Ukraine on its EU membership prospects, a subject Kyiv asked to address at the summit, according to several EU diplomats and officials. Though EU national leaders will not be in attendance at Friday’s summit, officials at the European Council — which includes all 27 EU leaders — have been liaising with EU countries about the final communiqué.
EU leaders last June granted Ukraine formal candidate status in record time, but that move was much easier than rapidly moving Ukraine through the grueling negotiations required to align a candidate country with the EU’s byzantine systems, rules and regulations. That process typically takes years and years, and often stalls for long periods of time.
Still, EU countries have split over how quickly the bloc should try to move Ukraine through that accession process.
“There were clear tensions between Poland and the Baltic states on one hand and other EU countries on the language to EU accession,” said one EU official.
The official added that tensions between European Council President Charles Michel and European Commission President Ursula von der Leyen are playing into the debate as well.
“They are in a race of outbidding each other toward the Ukrainians,” the official said.
Still, while no breakthroughs are expected in EU accession talks, there is a strong will in Brussels to show solidarity with Ukraine on other issues.
“The mere fact that we’re holding a summit in a country at war” is itself significant, said a senior EU official ahead of the meeting.
Ukrainian President Volodymyr Zelensky and Commission President Ursula von der Leyen | Sergei Supinsky/AFP via Getty Images
Indeed, a large gathering of senior EU leaders and commissioners are expected to make the trek to Kyiv this week for meetings with EU officials.
Progress is expected in certain areas — for example, an agreement on a visa-free regime for industrial goods; the suspension of customs duties on Ukrainian exports for another year; movement on Ukraine joining an EU payment scheme easing bank transfers in euros; and integrating Ukraine into the EU’s free mobile roaming area.
Also on the summit’s agenda will be Volodymyr Zelenskyy’s 10-point peace plan, the reconstruction challenge facing Ukraine, and food security issues, with the EU set to announce a new €25 million humanitarian aid package to address Russian mining in the country.
Another EU official said that the summit sends “a strong signal that we support a country that is a victim of aggression and we underline the right of Ukraine to have a just peace at the end of this war. Ukraine has been attacked, Ukraine has a right to self-defense which they’re exercising … and only this can be a basis for a just peace.”
Reform path
The document also stresses the need for “comprehensive and consistent implementation of judicial reforms” in line with the Venice Commission’s advice, citing, in particular, the need to reform Ukraine’s Constitutional Court.
Though Ukraine recently announced changes to the court, particularly on how judges are appointed, the Venice Commission — a prominent advisory body featuring constitutional law specialists — still has concerns about the powers and composition of the body that selects the court’s candidates.
Shmyhal told POLITICO this week that Ukraine will address these questions. Kyiv has been keen to signal it is clamping down on corruption amid concerns in Washington and Brussels.
“We are holding consultations with the European Commission to see that all issued conclusions may be incorporated into the text,” he said.
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( With inputs from : www.politico.eu )
Ukrainian Prime Minister Denys Shmyhal has a tight two-year timetable for securing EU membership that is bound to dominate discussions at this week’s historic EU-Ukraine summit, the first to take place on Ukrainian soil.
The problem? No one within the EU thinks this is realistic.
When EU commissioners travel to Kyiv later this week ahead of Friday’s summit with Ukrainian President Volodymyr Zelenskyy and the heads of the European Commission and Council, their main task is likely to involve managing expectations.
Shmyhal himself is imposing a tough deadline. “We have a very ambitious plan to join the European Union within the next two years,” he told POLITICO. “So we expect that this year, in 2023, we can already have this pre-entry stage of negotiations,” he said.
This throws down a gauntlet to the EU establishment, which is trying to keep Ukrainian membership as a far more remote concept.
French President Emmanuel Macron said last year it could be “decades” before Ukraine joins. Even EU leaders, who backed granting Ukraine candidate status at their summit last June, privately admit that the prospect of the country actually joining is quite some years away (and may be one reason they backed the idea in the first place.) After all, candidate countries like Serbia, Turkey and Montenegro have been waiting for many years, since 1999 in Ankara’s case.
Ukraine is a conundrum for the EU. Many argue that Brussels has a particular responsibility to Kyiv. It was, after all, Ukrainians’ fury at the decision of President Viktor Yanukovych to pull out of a political and economic association agreement with the EU at Russia’s behest that triggered the Maidan uprising of 2014 and set the stage for war. As European Commission President Ursula von der Leyen put it: Ukraine is “the only country where people got shot because they wrapped themselves in a European flag.”
Ukraine’s close allies in the EU such as Poland and the Baltic countries strongly support Kyiv’s membership push, seeing it as a democracy resisting an aggressor. Many of the EU old guard are far more wary, however, as Ukraine — a global agricultural superpower — could dilute their own powers and perks. Ukraine and Poland — with a combined population of 80 million — could team up to rival Germany as a political force in the European Council and some argue Kyiv would be an excessive drain on the EU budget.
Short-term deliverables
Friday’s summit in Kyiv — the first EU meeting of its kind to take place in an active war zone — will be about striking the right balance.
Though EU national leaders will not be in attendance, European Council officials have been busy liaising with EU member states about the final communiqué.
Some countries are insisting the statement should not stray far from the language used at the June European Council — emphasizing that while the future of Ukraine lies within the European Union, aspirant countries need to meet specific criteria. “Expectation is quite high in Kyiv, but there is a need to fulfill all the conditions that the Commission has set out. It’s a merit-based process,” said one senior EU official.
Ukraine is a conundrum for the EU. Many argue that Brussels has a particular responsibility to Kyiv | Sergei Supinsky/AFP via Getty Images
Still, progress is expected when Zelenskyy meets with von der Leyen and European Council President Charles Michel.
Shmyhal told POLITICO he hopes Ukraine can achieve a “substantial leap forward” on Friday, particularly in specific areas — an agreement on a visa-free regime for industrial goods; the suspension of customs duties on Ukrainian exports for another year; and “active progress” on joining the SEPA (Single Euro Payments Area) payments scheme and the inclusion of Ukraine into the EU’s mobile roaming area.
“We expect progress and acceleration on our path towards signing these agreements,” he said.
Anti-corruption campaign
The hot topic — and one of the central question marks over Ukraine’s EU accession — will be Ukraine’s struggle against corruption. The deputy infrastructure minister was fired and deputy foreign minister stepped down this month over scandals related to war profiteering in public contracts.
“We need a reformed Ukraine,” said one senior EU official centrally involved in preparations for the summit. “We cannot have the same Ukraine as before the war.”
Shmyhal insisted that the Zelenskyy government is taking corruption seriously. “We have a zero-tolerance approach to corruption,” he said, pointing to the “lightning speed” with which officials were removed this month. “Unfortunately, corruption was not born yesterday, but we are certain that we will uproot corruption,” he said, openly saying that it’s key to the country’s EU accession path.
He also said the government was poised to revise its recent legislation on the country’s Constitutional Court to meet the demands of both the European Commission and the Venice Commission, an advisory body of the Council of Europe. Changes could come as early as this week, ahead of the summit, Shmyhal said.
Though Ukraine has announced a reform of the Constitutional Court, particularly on how judges are appointed, the Venice Commission still has concerns about the powers and composition of the advisory group of experts, the body which selects candidates for the court. The goal is to avoid political interference.
Shmyhal said these questions will be addressed. “We are holding consultations with the European Commission to see that all issued conclusions may be incorporated into the text,” he told POLITICO.
Nonetheless, the symbolic power of this week’s summit is expected to send a strong message to Moscow about Ukraine’s European aspirations.
European Council President Michel used his surprise visit to Kyiv this month to reassure Ukraine that EU membership will be a reality for Ukraine, telling the Ukrainian Rada (parliament) that he dreams that one day a Ukrainian will hold his job as president of the European Council.
“Ukraine is the EU and the EU is Ukraine,” he said. “We must spare no effort to turn this promise into reality as fast as we can.”
The key question for Ukrainians after Friday’s meeting will be how fast the rhetoric and promises can become a reality.
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( With inputs from : www.politico.eu )
