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Parliamentary questions
7 April 2014
E-004304-14
Question for written answer
to the Commission
Rule 117
Hiltrud Breyer (Verts/ALE)

 Subject:  Democracy under threat from investment protection provisions in TTIP
 Answer(s) 

Several Member States have been sued by investors because of investment protection running into millions of euros since the beginning of the financial crisis. They include Cyprus, which is being sued for EUR 823 million by the Marfin Investment Group, and Spain, which is being sued by 22 companies and hedge funds for more than EUR 700 million. If the suits are successful, it is the taxpayers who will have to pay up.

1. How does the Commission explain the situation whereby, in spite of high financial risks for the countries involved and good legal systems in the USA and the EU, the TTIP still includes investment protection?

2. Does the Commission acknowledge the threat to democracy which results from investment protection in the TTIP?

Original language of question: DEOJ C 375, 22/10/2014
Last updated: 28 April 2014Legal notice