The European Parliament is expected to place renewed pressure on Member States to ban golden passports during next week’s plenary session being held in Strasbourg. A legislative initiative report approved by the Committee on Civil Liberties, Justice and Home Affairs earlier this month has been placed as one of the early items in plenary’s agenda. In this report, MEPs stressed that ‘citizenship by investment’ (CBI) schemes, under which third country nationals can get nationality rights in exchange for an investment, are “objectionable from an ethical, legal and economic point of view, and pose several serious security risks”. So-called ‘golden passports’ undermine the essence of EU citizenship and should be phased out, they insist.
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