Xavier Sol and Ana Colovic write   Transparency, once a ‘conditio sine qua non’ for democracy and good governance, is suffering a clear backlash in Europe.

In a post-Occupy, post-Wikileaks world, transparency has nestled in the public consciousness. Outraged by the abuses of power, people took to the streets demanding more say in decisions influencing their lives and more accountability by political leaders. People demanded better representation and they knew transparency was crucial to get it.

Yet at the same time we are witnessing a silent backlash against participation and transparency. Citizens are being surreptitiously pushed back from control over public life.  It could be seen very clearly during the economic crisis when, despite protests against austerity measures day after day, the EU and individual governments were pushing through with unpopular austerity measures.

Increasingly crucial economic decisions are being made by a narrow group of decision-makers including the Troika, members of the European Council, bankers and economic experts. Another symbolic example is the total emasculation of the “European Citizen Initiative”. –

And yet earlier this month a citizen initiative to give Europeans a say in the Transatlantic Trade Investment Partnership(TTIP) was struck down by the Commission on questionable legal grounds.

Despite the “citizen initiative” being one of the main arguments EU institutions would invoke to prove their openness to citizens, the Commission seems to reserve a right to decide on which issues citizens can speak.
The EU’s bank kicks back

When it comes to European public investment banks, we fear the same dynamics are taking root in the way public money is spent. The European Investment Bank’s (EIB) draft for a new transparency policy is a major setback from what has been gained since we first started campaigning for the bank to be more open.

Instead of bringing further improvements, the current draft would mean a major step backwards. Among other things, the bank is proposing a significant expansion of its existing exemptions on information disclosure – going beyond what is requested by EU legislation. As a result, EU citizens would be unable to access most EIB internal documents, even if they were of public interest.

The EIB is already ranked as “poor” in the 2013 International Aid Transparency Initiative. If the policy is adopted as it currently stands, it would turn the EIB into one of the world’s most secretive financial institutions.

This is happening despite earlier commitments to greater transparency and accountability to EU citizens made by the bank when it benefited from a capital increase in 2013.

And in spite of the European Parliament repeatedly calling on the EIB to increase the transparency of its operations and to make more information available.

This planned decrease in transparency comes as the institution is gearing up to play a core role in a pro-growth strategy prepared by the new European Commission run by Jean-Claude Juncker. The strategy involves the generation of an extra €300 billion in new investments into the European economy.

It seems that EU leaders are willing to pour more public money into another debatable growth package without allowing public oversight, let alone a voice for EU citizens.

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