Europe: Much ado about nothing

Author: | Published: 8 Jul 2015

The European Parliament must vote through the Transatlantic Trade and Investment Partnership (TTIP) with the Commission's watered down investor-state dispute settlement (ISDS) mechanism.

The fact that a rarely-used, yet standard dispute settlement provision has managed to derail negotiations on a deal that could inject €120 billion ($133 billion) into Europe's ailing economy suggests the ISDS has taken on a life of its own. And unfortunately, there seems to be more heat than light on the issue.

MEPs that are objecting to ISDS on the grounds that it provides investors with too much power are holding the TTIP to ransom. They need a reality check.

First, the US simply isn't...