Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Citizenship ’for sale’ upsets European Commission

Jan 16, 2014
From wire reports, RIGA

The European Commission on Wednesday, Jan. 15 warned that European Union citizenship "must not be up for sale" following controversy over a Maltese initiative to grant passports to wealthy foreign investors.

"Granting the nationality of a member state means also granting EU citizenship and the rights attached to it," EU Justice Commissioner Viviane Reding told the European Parliament in Strasbourg. "Member states should only award citizenship to persons where there is a ‘genuine link’ or ‘genuine connection’ to the country in question," she added. "Citizenship must not be up for sale!"

She said the EU's executive arm was paying close attention to member countries which have set up investor schemes for granting citizenship, with Malta being the most recent example.

The Maltese citizenship project would grant Maltese passports to foreigners willing to invest 1.1 million euros in the country, part of which is to be invested in real estate.

"It is legitimate to question whether EU citizenship rights should merely depend on the size of someone's wallet or bank account," Reding said.

Several European Parliament members also spoke out against putting a price tag on EU citizenship during a debate on the issue Wednesday. German conservative Manfred Weber called for an end to such legislation, while French MEP Marie-Christine Vergiat said putting citizenship up for sale would only encourage money laundering.

A resolution on citizenship for sale will be put to a vote in the European Parliament on Thursday.

Portugal, Latvia, Cyprus and Great Britain are among member states with existing schemes that grant foreigners residency rights in exchange for financial ‘gestures.’

 MORE NEWS
  • Obama promises ’unwavering com...
    U.S. President Barack Obama says he will reaffirm his commitment to NATO allies du...
  • President plans to cut Russian...
    Lithuania's President Dalia Grybauskaite plans to cut Russian broadcasting in ...
  • Ukraine crisis leads to less R...
    The number of Russian tourists in Europe has reduced by 40 percent amid the crisis...
  • Two bidders to fight for Liepa...
    Two major firms will fight for the take over of Latvian metal company Liepajas ...
  • Estonia supports tougher sanct...
    Estonia says it supports more sanctions against Russia amid the Ukraine crisis....
  • Lithuania to send humanitarian...
    Lithuania is ready to provide the Ukrainian government with humanitarian and te...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.