Ursula von der Leyen has been President of the EU Commission for a year – and is making the same mistakes in Brussels as she did in Berlin. The low ability to learn now even endangers your most important project.
When Ursula von der Leyen became head of the EU Commission, she had just successfully sat out a committee of inquiry in the Bundestag. He had proven to her that she was head of the Ministry of Defense from 2013 to 2019 System of nepotism had established, which, according to the Federal Audit Office, cost taxpayers a three-digit million amount. The main beneficiary was McKinsey, the largest consulting firm in the world.
After almost a year in her new office, it is becoming apparent that the CDU politician is a repeat offender.
Last Wednesday received a sharp reprimand from der Leyen, significantly from the EU Ombudsman. Emily O’Reilly criticized the award of an order by the EU Commission to Blackrock, the largest investment fund in the world. Blackrock is to make proposals to the Commission on how European banks can be persuaded to invest more in sustainable energies instead of coal, gas and oil. The new rules are central component of the “Green Deal”, from the Leyens one billion euro investment program against global warming – and their prestige project.
“Wanted to be a gardener”
O’Reilly criticized the fact that the commission did not carefully examine possible conflicts of interest at Blackrock when awarding the contract. And the non-governmental organization “Change Finance” also complained in an open letter to von der Leyen that “the goat is being turned into a gardener”.
In fact, Blackrock is the largest shareholder in many major European banks, including Deutsche Bank, Société Générale, Unicredit, ING. At the same time, the company is one of the world’s largest investors in fossil fuels, as the British “Guardian” has researched. There you can also read that Blackrock has so far shown no interest in turning away from coal and oil.
Selling out democratic control over the economy
It is absurd that this corporation now has significant influence on how to drive the fossil fuel out of its own banks. Von der Leyen is selling off democratic control over the economy if she sticks to the Blackrock contract. And it exposes their “Green Deal” as a propaganda coup that primarily serves private-sector interests – and that in the most important political field of the coming decades.
Von der Leyen started at the Ministry of Defense with the great promise to make the Bundeswehr “more attractive” and more family-friendly in order to solve the troops’ personnel problem. This should be implemented by their State Secretary Katrin Suder, who recruited von der Leyen from a high post at McKinsey. It was followed by the millionaire for Suder’s adviser friends, the personnel problem remained. After all: Von Leyen’s successor, Kramp-Karrenbauer, put an end to the advisory mischief in the ministry.
Von der Leyen has to withdraw the order from Blackrock
Von der Leyen himself should now draw a line in the Blackrock affair. She has to show that she has learned from the Defense Department debacle, because the potential for damage is greater this time.
This is not about a few more buried euros in an already notoriously holey ministry. The point is whether 448 million EU citizens have to ask themselves whose interests their top authority chief actually represents.