Transparency & accountablility
For better governance
In our vision, democratic public financial institutions are meant to operate in the public interest, with environmental responsibility, transparency, ethics and accountability at the heart of their operations.
As public money is flowing to rescue companies in the face of the COVID-19 crisis, it is crucial to ensure the transparency and accountability of public loans at European level. Public banks work with public funds, and it is key for citizens to be aware of decisions made on their behalf.
For years, we have unveiled dodgy deals, suspected corruption and tax evasion by major European corporations financed by public money.
It is urgent to tackle the risks of corporate capture, tax evasion and corruption, which are compounded by a persisting lack of transparency and control over public funds.
We promote and advocate for more transparency, democratic control and stronger accountability mechanisms for public banks.
In particular, Counter Balance seeks to hold the European Investment Bank (EIB) to account and to enhance its democratization to promote sustainable operations. Our aim is to promote fundamental reforms at the EIB with reinforced external scrutiny over its decision-making and operations, hence creating a space to engage citizens and enable them to have a say on how public money is being used.
