Edition: International | Greek
MENU

Home » EU Actually

European Parliament helps VDL to conceal a dubious 35 billion euros deal

European Commission President Ursula von der Leyen has been suspected of a conflict of interest for years

By: N. Peter Kramer - Posted: Wednesday, January 24, 2024

Meanwhile, the majority of the European Parliament does not want the contracts with Pfizer to be revealed. This leaves the Pfizer contract, which involved 35 billion euros and 1.8 billion vaccines under lock and key.
Meanwhile, the majority of the European Parliament does not want the contracts with Pfizer to be revealed. This leaves the Pfizer contract, which involved 35 billion euros and 1.8 billion vaccines under lock and key.

N. Peter Kramer’s Weekly Column

European Commission President Ursula von der Leyen has been suspected of a conflict of interest for years. In March 2021 she made, without consulting the commission, a dubious deal with Pfizer CEO Albert Bourla through private negotiations. She, on her own, purchased 1,8 billion corona vaccines. This was far too many, many had to be thrown away or donated. A total of around 35 billion euros would have been involved in the deal.

At least 215 million vaccines, worth 4 billion euros, have been thrown away, unused by EU member states, according to calculations by Politico. The member states are stuck with strangulation contracts. They must continue to buy Pfizer’s vaccines until 2027, otherwise Pfizer will file a lawsuit against them. This is currently happening with Hungary and Poland.

Von der Leyen refuses to give any transparency about the deal. That is why she has been reprimanded several times by EU Ombudsman Emily O’Reilly. For instance, an investigation, launched in January 2022, unveiled that all Von der Leyen’s possible relevant text messages disappeared from her phone.

The European Court of Auditors also wants clarification, but has never received it. Meanwhile, the majority of the European Parliament does not want the contracts with Pfizer to be revealed. This leaves the Pfizer contract, which involved 35 billion euros and 1.8 billion vaccines under lock and key.

Ursula von der Leyen can breathe a sigh of relief…

READ ALSO

EU Actually

China exports more than one million cars per month

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N.Peter Kramer, writes about the contrast between the Chinese success story of exporting more than a million cars in a single month and the deplorable state of the German car industry

Europe

Greece signals fast-track social media ban for minors

Greece signals fast-track social media ban for minors

National plan would ban under-15s from accessing social media

Business

How Much Pressure Can European CEOs Take?

How Much Pressure Can European CEOs Take?

There was a time when the job of the CEO was difficult but relatively clear: grow the business, beat the competition, manage costs, satisfy shareholders, inspire employees and avoid major reputational mistakes. That world has disappeared.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron