
Zero-Down Home Financing: How it Really Works
Section: Business
The European Parliament is set to conduct a no-confidence vote against the European Commission led by Ursula von der Leyen, just a few months into her second term. This decision follows a motion initiated by a Romanian member of parliament, which has garnered enough support to warrant a parliamentary debate and vote next week.
The no-confidence motion accuses the Commission of mismanagement and lack of transparency, particularly regarding its handling of the COVID-19 pandemic. Specifically, the motion claims that the Commission has failed to disclose critical communications between von der Leyen and Pfizer's CEO regarding vaccine contracts, which has raised concerns about accountability.
In order for the no-confidence vote to pass, it requires a two-thirds majority in the Parliament, which is highly unlikely given that the Commission previously secured 370 of the 688 total votes during its election last November. For the motion to succeed, at least 361 votes would be necessary, assuming all members participate.
Despite the low probability of success, the no-confidence motion poses a challenge for von der Leyen. Recently, some members of her own political group have expressed dissatisfaction with her initiatives, particularly her plan to initiate a substantial credit program for defense investments without parliamentary consultation. This has contributed to the perception of instability within her administration.
Critics of the Commission, including the Romanian member who filed the motion, assert that a significant amount of COVID-19 vaccine doses, valued at approximately four billion euros, have remained unused. Furthermore, they argue that the Commission has exerted undue influence over electoral laws in member states, creating additional controversy.
In response to the no-confidence motion, Manfred Weber, leader of the European People's Party (EPP), labeled the initiative as a tactical maneuver lacking a viable path to success. He emphasized that von der Leyen possesses a strong mandate and is steering the EU through challenging times, thus dismissing the motion as an attempt to destabilize European governance.
No-confidence motions against the European Commission are rare occurrences. The last significant attempt was made in 2014, targeting then-President Jean-Claude Juncker, which ultimately failed. At that time, the motion received only 101 votes in favor against 461 opposing votes.
Historically, the resignation of a Commission has only occurred when faced with a credible no-confidence threat, as seen in 1999 when Jacques Santer's Commission resigned following allegations of fraud and mismanagement. As the Parliament prepares for this upcoming vote, the implications for von der Leyen's leadership and the future of the EU Commission hang in the balance.
Section: Business
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Section: Health
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