China News Service, September 29. According to Euronet, the European Union News Agency reported that since the outbreak of the European debt crisis, golden visa transactions have become a mode for some European countries to attract foreign investment and exchange for GDP growth.
In response, European Commission President Von der Lein said in a speech earlier this month that Brussels hopes to end the practice of golden visas.
Data map: European Commission President Von der Lein.
Von der Lein pointed out that European values “can never be sold” and the EU will maintain a “zero tolerance” attitude towards acts that undermine the rule of law.
She will continue to defend the integrity of European institutions and European values, whether it is related to European law, judicial independence, or golden visa transactions.
According to reports, the European Commission is considering the possibility of taking the golden visa-issuing member states to court, and will put political pressure on some member states to stop the golden visa transaction.
It is said that the golden visa basically grants its holder EU citizenship or permanent residency.
Taking into account the freedom of movement between EU countries, the golden visa is very attractive to wealthy people and families in non-EU countries, and it also provides some convenience for some wealthy non-EU residents.
A spokesperson for the European Commission said that due to the nature of EU citizenship, the golden visa transaction has had multiple effects on the entire EU.
The EU is studying whether such transactions comply with EU law, and if necessary, will introduce infringement procedures, and seek to completely terminate the golden visa transaction.
(Zhang Lirong)