Rus News Journal

! Financial scandal in the European Reconstruction and Development Bank

threatens Jacque Attali presidential impeachment

the Troubles which have overtaken the president of the European bank of reconstruction and development of Jacque Attali (Jacques Attali) in Russia (on April, 7th wrote about accident to which it has got on road to Vladimir) pursue it and in London. But already with threat not for life, and for career. The anger of the press brought down on Attali was provoked made in the evening on Thursday by the order of British Minister of Finance Normana Lemonta (Norman Lamont) to prepare the service record about where there are European Reconstruction and Development Bank means. According to preliminary data, the bank has spent not less than 200 million pounds sterling ($328 million) only for receptions and an ornament of bank offices. Other, so unjustified items of expenses are revealed also. All it as observers believe, can come to the end for Attali selected on a post only one year ago, Presidential impeachment .

Sparkling the mirrors, cleaned by expensive carpets and exotic greens London a staff - the European Reconstruction and Development Bank apartment amazes even the most tempted imagination. Its opening has taken place in March in the presence of prince Welsh Charles. One only rare breed marble changed twice, captiously selecting koler it is better. It revets walls of silent high-speed lifts. Mark auditors and that 8 % of a cost of transportation of bank eats rent of the presidential plane. Love in the European Reconstruction and Development Bank and it is good to have fun: the Christmas party organised in London Grosvenor House Hotel has risen to creditors of bank in the sum which could suffice on large-scale project realisation in the Eastern Europe and Russia.
According to the experts, the sum of 200 million pounds ($328 million), started up by bank on a wind in 1992, almost twice surpasses the sum really enclosed in the East Europe and Russian projects for which financing of the European Reconstruction and Development Banks it was created. In bank to charges react while inertly: figures do not challenge, but express pride of the contribution to business of creation of capitalist economy in the former Soviet block .
bank Funds are formed at the expense of the Commission of the European Communities and the European investment bank - these means (formed at the expense of payments of members of EU) make 51 % of fixed capital of the European Reconstruction and Development Bank. The others of 49 % arrive from the USA (10 %), Japan (8,5 %), Canada (3,4 %) and at the expense of payments of countries of Eastern Europe and Russia. Each of the financing European Reconstruction and Development Banks of the countries has the right to appoint the managing directors who soon and will gather in London for summarising of two-year activity of bank (meeting date is specified).
Polozhenie Attali complicates and generated, at last, ministers the big seven an economic package for Russia (see for April, 16th), demanding considerable pressure of forces of each of the parties participating in it and raising requirements to the European Reconstruction and Development Bank (its share in a package while makes $500 million). It is possible to catch and certain communication that sins in the European Reconstruction and Development Bank were opened (and magnificent office have started to build not yesterday) at once after startlers of Attali about necessity of write-off of debts of the USSR, not found support in the international financial organisations. As there will be a destiny of Attali which have become, according to some information, by the president of the European Reconstruction and Development Bank not without support of the president of France Francois Mitterand, whose party has suffered shattering defeat on recent parliamentary elections, to tell difficultly. Obviously to clear his career prospects a little the meeting of managing directors of the European Reconstruction and Development Bank will help.
NATALIA - KALASHNIKOV