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Economy Politics Projects & Ideas

Follow the money

You follow drugs, you get drug addicts and drug dealers. But you start to follow the money, and you don’t know where the fuck it’s gonna take you.
Detective Lester Freamon.

The European Union is one of the most cryptic and opaque political insitutions, much more than some of the governments and states that is comprised of. That opacity includes the European Union budget, its subsidies, and how and to whom this money is distributed, which is very hard for citizens to understand.

Some journalists, transparency NGOs and analysts have started Follow The Money, to shed some light in the way money is spent and given by european institutions. This site builds upon the work of farmsubsidy.org, which used laws of access to information and new transparency rules on financial regulation in the EU to report on who was getting the farm subsidies money.

FollowTheMoney.eu aims to make it easier for European citizens to understand the EU budget: how it gets decided, where the money comes from and how it is spent. FollowTheMoney.eu comes from journalists, researchers and activists who want to make the European Union work in a more transparent and accountable way.

The team has released a companion to farmsubsidy.org, called fishsubsidy.org. This time, obviously, the focus is on money granted to fishing industries.

You can find issues where some action is needed, as well as events to attend and participate in the front page of Follow The Money. If you are really into transparency and budgetting and want to get involved with this project, you can find more about becoming part of the team in the about page.

This project was found via Furilo.

Categories
Economy Projects & Ideas

Coop57, ethical financial services

Coop57 is, as its name says, a cooperative providing financial and saving services. Essentially, it functions as a large, horizontal network of solidarity and mutual aid. If a company wants to ask for a loan, it has to be involved in the project first.

It has only presence in some parts of Spain, mainly Catalonia, where it was born, Aragon, Andalucia and Madrid, with plans to expand soon to other areas as Galicia.