The Sting of the Day

Eurogroup meeting of 20/02/2015. Mario Draghi, President of the European Central Bank (ECB), and Pierre Moscovici Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs (in the foreground, from left to right), participated in that crucial meeting with the 19 of Eurozone Ministers for Finance. They all agreed to consider extending financial assistance to Greece, which was formally known as the Master Financial Assistance Facility Agreement, granted by the European Financial Stability Facility (EFSF). Discussions took place in the context of the expiry of the financial assistance to Greece due on 28/02/2015. (EC Audiovisual Services).

Greece at the mercy of ECB while sailing through uncharted waters

In the efforts to solve the latest Greek enigma, the European Central Bank has once more proved that when it comes to what matters more in the EU, the Eurozone, it constitutes the power house of the … [Read More...]

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Economy

Eurogroup meeting of 20/02/2015. Mario Draghi, President of the European Central Bank (ECB), and Pierre Moscovici Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs (in the foreground, from left to right), participated in that crucial meeting with the 19 of Eurozone Ministers for Finance. They all agreed to consider extending financial assistance to Greece, which was formally known as the Master Financial Assistance Facility Agreement, granted by the European Financial Stability Facility (EFSF). Discussions took place in the context of the expiry of the financial assistance to Greece due on 28/02/2015. (EC Audiovisual Services).

Greece at the mercy of ECB while sailing through uncharted waters

In the efforts to solve the latest Greek enigma, the European Central Bank has once more proved that when it comes to what matters more in the EU, the … [Read More...]

Handshake between Alexis Tsipras, Prime Minister of Greece on the left, and Jean-Claude Juncker, President of European Commission. Juncker received Tsipras warmly at the Berlaymont building, during the first visit of the former to the European Commission since he took office on 26/01/2015. Last Friday the President of the Commission played a decisive role in the conclusion of the Eurogroup agreement on Greece. (Date: 04/02/2015, Location: Brussels - EC/Berlaymont, EC Audiovisual Service).

Greece to stay in the euro area but the cost to its people remains elusive

The frantic search of the Greek government - pressed at home by an accelerating bank run which culminated last Friday with €1 billion withdrawals in a … [Read More...]

It looks like Italy will be the only "serious" ally of Greece today. Photo taken from last Tuesday's ECOFIN. From left to right: Mr Pier Carlo PADOAN, Italian Minister for Economic Affairs and Finance; Mr Yanis VAROUFAKIS, Greek Minister for Finance. (EC TVnewsroom, 17/02/2015)

Greece’s last Eurogroup or the beginning of a new solid European Union?

Today everyone’s eyes are fixed on the extraordinary Eurogroup meeting which is taking place in Brussels. This is simply put one of the most important … [Read More...]

ECOFIN Council - February 2015. From left to right: Yanis Varoufakis, Greek Minister for Finance, Luis De Guindos Jurado, Spanish Minister for Economic Affairs and Competitiveness. (Audiovisual Services, European Council - Council of the European Union, Shoot location: Brussels - Belgium Shoot date: 17/02/2015).

Athens searches frantically for a new compromise between politics and economic reality

This week the new Greek government started faltering on all accounts. The young Prime Minister Alexis Tsipras, who got elected on 25 January under a … [Read More...]

He is Alone and Ready to release the Greek bomb! Mr Yanis Varoufakis, Finance Minister of Greece at yesterday's ECOFIN Council in Brussels (EU Council TV Newsroom, 17/02/2015)

D-Day for Grexit is today and not Friday; Super Mario is likely to kill the Greek banks still today

Today is really the D-Day for the Greek matter. After a couple of moves in this grand chessboard, checkmate is just unavoidable. Today we are likely … [Read More...]

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I-Society

Facebook has recently become a major EU target for data privacy issues -  © European Sting - All rights Reserved

“Be aware where you put your I Agree signature on and something else”; now Facebook by default opts you in an unseen private data bazar

When was the last time you installed an application or software in your mobile, tablet or computer? I bet it was quite recently; yesterday or even a … [Read More...]

Angela Merkel at World Economic Forum 2015 in Davos (WEF, 22/01/2015)

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

At the second day of the World Economic Forum 2015 in Davos the world was expecting the German Chancellor, Mrs Angela Merkel, in one of the most … [Read More...]

Even the Commissioner would have a very tough time going through the pile of paperwork on the new digital VAT in Europe. Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, in this picture embarked on a visit to Athens where he met with Antonis Samaras, Greek Prime Minister, and other Greek officials. (EC Audiovisual Services, 15/12/2014)

New VAT rules in the EU: how a digital sea could have become an ocean

From 1 January 2015, a major change to the European Union VAT rules occurred affecting the digital world, which is destined to be discussed widely for … [Read More...]

Google News. Spanish version not any more available.

“Hasta la vista” Google says to Spain and now Europe is next?

"But sadly, as a result of a new Spanish law, we’ll shortly have to close Google News in Spain. Let me explain why. This new legislation requires … [Read More...]

Mrs Vestager will have to finish her welcome coffee earlier than previewed and take action on the Google case promptly. The voices of the Parliament show that there is not time for further delay it seems. Margrethe Vestager is the new Commissioner designate for Competition at the European Commission (EP Audiovisual Services, 02/10/2014)

EU to Google: How to dismantle European search engines in 13 steps

It seems that the search engine thriller that we are watching with horror in the Old Continent goes on. Last week the Sting reported on how … [Read More...]

Google_logo_

Parlamentarians to “break up” with reality in the Google antitrust case

How many years can an antitrust case endure in the EU? It certainly depends on many factors but in the case of Google 4 is the minimum. This is … [Read More...]

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More Stings

Eurogroup meeting of 20/02/2015. Mario Draghi, President of the European Central Bank (ECB), and Pierre Moscovici Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs (in the foreground, from left to right), participated in that crucial meeting with the 19 of Eurozone Ministers for Finance. They all agreed to consider extending financial assistance to Greece, which was formally known as the Master Financial Assistance Facility Agreement, granted by the European Financial Stability Facility (EFSF). Discussions took place in the context of the expiry of the financial assistance to Greece due on 28/02/2015. (EC Audiovisual Services).

Greece at the mercy of ECB while sailing through uncharted waters

In the efforts to solve the latest Greek enigma, the European Central Bank has once more proved that when it comes to what matters more in the EU, the … [Read More...]

Tough to compromise climate energy with industry? Not for Miguel Arias Cañete, Member of the EC in charge of Climate Action and Energy, who received the CEOs of the energy intensive industries earlier in the month. (EC Audiovisual Services, 19/02/2015)

Parliament votes reform for better European Co2 market but critics want it sooner than later

Yesterday at the European Parliament a crucial vote for environmental protection was cast. The Environment Committee of the Parliament made a decisive … [Read More...]

EU Heads of State and Government meet at the European Council on 12 February 2015, in Brussels. The main topics are the conflict in Ukraine, counter terrorism and the economic situation. From left to right: Mr Petro POROSHENKO, President of Ukraine; Mr Donald TUSK, President of the European Council. (European Council TV newsroom, 12/02/2015)

Minsk “ceasefire” leaves more doubts than safety, with EU already planning steps further

When the EU's Foreign Policy Chief Federica Mogherini said that the Minsk ceasefire deal was important “but not definitive”, at the morrow of the … [Read More...]

Handshake between Alexis Tsipras, Prime Minister of Greece on the left, and Jean-Claude Juncker, President of European Commission. Juncker received Tsipras warmly at the Berlaymont building, during the first visit of the former to the European Commission since he took office on 26/01/2015. Last Friday the President of the Commission played a decisive role in the conclusion of the Eurogroup agreement on Greece. (Date: 04/02/2015, Location: Brussels - EC/Berlaymont, EC Audiovisual Service).

Greece to stay in the euro area but the cost to its people remains elusive

The frantic search of the Greek government - pressed at home by an accelerating bank run which culminated last Friday with €1 billion withdrawals in a … [Read More...]

It looks like Italy will be the only "serious" ally of Greece today. Photo taken from last Tuesday's ECOFIN. From left to right: Mr Pier Carlo PADOAN, Italian Minister for Economic Affairs and Finance; Mr Yanis VAROUFAKIS, Greek Minister for Finance. (EC TVnewsroom, 17/02/2015)

Greece’s last Eurogroup or the beginning of a new solid European Union?

Today everyone’s eyes are fixed on the extraordinary Eurogroup meeting which is taking place in Brussels. This is simply put one of the most important … [Read More...]

ECOFIN Council - February 2015. From left to right: Yanis Varoufakis, Greek Minister for Finance, Luis De Guindos Jurado, Spanish Minister for Economic Affairs and Competitiveness. (Audiovisual Services, European Council - Council of the European Union, Shoot location: Brussels - Belgium Shoot date: 17/02/2015).

Athens searches frantically for a new compromise between politics and economic reality

This week the new Greek government started faltering on all accounts. The young Prime Minister Alexis Tsipras, who got elected on 25 January under a … [Read More...]

He is Alone and Ready to release the Greek bomb! Mr Yanis Varoufakis, Finance Minister of Greece at yesterday's ECOFIN Council in Brussels (EU Council TV Newsroom, 17/02/2015)

D-Day for Grexit is today and not Friday; Super Mario is likely to kill the Greek banks still today

Today is really the D-Day for the Greek matter. After a couple of moves in this grand chessboard, checkmate is just unavoidable. Today we are likely … [Read More...]

Dijsselbloem to Schauble: "Wolfgang, just think for a moment; I think we are making a tremendous mistake with Greece"; this could or should be Mr Dijsselbloem's saying to Mr Schauble yesterday afternoon during the Eurogroup gathering in Brussels. The photo is black and white probably because it will be one that will endure in the European history books of the future to open the "pandora box" EU chapter. From left to right, Jeroen Dijsselbloem, Dutch Finance Minister of Finance and Wolfgang Schauble, German Minister of Finance, during yesterday's historic Eurogroup meeting in Brussels (EU Council TV Newsroom, 16/02/2015)

On Grexit: Incompetence just launched the historic Ultimatum that could open “pandora’s box”

It's clearly a very bad moment for Europe; unfortunately much worse than our wise European leaders can grasp. The Greek issue is inescapably bringing … [Read More...]

EU Heads of State and Government met at the European Council of 12 February 2015, in Brussels. From left to right: Francois Hollande, President of France, Angela Merkel, German Federal Chancellor, Alexis Tsipras, Greek Prime Minister. (Shoot location: Brussels – Belgium, Shoot date: 12/02/2015; European Council - Council of the European Union Audiovisual Services).

Deep chasm still divides Athens and Brussels; can Eurozone use the nuclear arm of liquidity against Greece?

Today the Eurogroup, the 19 Eurozone ministers of Finance at 3 o’clock in the afternoon will start discussing the future of Greece. It’s quite … [Read More...]

tsipras 8

EU Summit’s major takeaway: a handkerchief cannot save Greece from austerity

After Wednesday's Eurogroup where Greece's Minister of Finance, Yanis Varoufakis, "agreed to disagree" with his European counterparts, Grexit … [Read More...]

Jeroen Dijsselbloem, Dutch Minister for Finance and President of Eurogroup (on the left), Yanis Varoufakis, Greek Minister for Finance. Eurozone finance ministers participated in an Extraordinary Eurogroup meeting on 11 February in Brussels, especially staged to discuss the Greek issue. (European Council, Council of the European Union Audiovisual Services, Shoot location: Brussels – Belgium. Shoot date: 11/02/2015).

Greece and Ukraine main items on EU28 menu; the course is set

The world community will be watching very closely today’s gathering of the 28 leaders of the European Union in Brussels. The reason is that its agenda … [Read More...]

Mr David Cameron, UK Prime Minister at the last EU Council last December (Council TVnewsroom, 18/12/2014)

From Grexit to Brexit: UK industry now says the in/out referendum is good for your health

So it is like this. In politics you need to be a sheer opportunist. You have to grab every inch of opportunity available to polarise your electorate … [Read More...]

Ignacio Garcia Bercero and Dan Mullaney

The eighth round of TTIP negotiations concludes in Brussels amid scepticism and new fears

The eighth round of the Transatlantic Trade and Investment Partnership (TTIP), negotiations between the European Union and the United States, … [Read More...]

On 16-17 October 2014 the 10th Asia Europe Meeting (ASEM10) took place in Milan, hosted by The European Union. Snapshot of the high level meeting with Russia and Ukraine. From left to right: François Hollande, President of France, Vladimir Putin President of Russia, Matteo Renzi, Italian Prime Minister, Petro Poroshenko, President of Ukraine and Angela Merkel, German Federal Chancellor. (European Council, Council of the European Union, Audiovisual Services, Shoot date: 16/10/2014).

Europe, US and Russia haggle over Ukraine’s convulsing body; Russians and Americans press on for an all out civil war

Germany and France are alarmed at the prospect that the Americans could turn Ukraine into an unbelievable inferno, by overtly delivering heavy … [Read More...]

Facebook has recently become a major EU target for data privacy issues -  © European Sting - All rights Reserved

“Be aware where you put your I Agree signature on and something else”; now Facebook by default opts you in an unseen private data bazar

When was the last time you installed an application or software in your mobile, tablet or computer? I bet it was quite recently; yesterday or even a … [Read More...]

Jean-Claude Juncker, President of the European Commission, received Alexis Tsipras, Greek Prime Minister. It was the first visit of the latter to the EC since he took office on 26/01/2015. (EC Audiovisual Services, 4/2/1015).

What does Tsipras have to offer to the rest of Europe? Is it worth an early advance of €10 billion? Berlin sturdily denies it

The discussion about what is needed to get the European Union out of its economic stagnation is gaining momentum in many European capitals and … [Read More...]

Mario is pointing the figure to Greece today in Frankfurt.
Mario Draghi, President of the European Central Bank (ECB audiovisual services, 2011)

German stock market is not affected by the Greek debt revolution while Athens is running out of time

More than a week has passed since the Greek elections and the main European markets, except for the Greek one, do not seem to be influenced to a great … [Read More...]

Mrs Mogherini is trying hard to convince EU Ministers of Foreign Affairs to increase sanctions against Russia at the extraordinary Foreign Affairs meeting during last Thursday's Council. Her Greek colleague, Mr Kotzias, apparently is not an easy one. Mrs Mogherini is the High Representative of the EU for Foreign Affairs and Security Policy (TVnewsroom Council, 29/01/2015)

EU finally to extend sanctions on Russia despite arguments; Greece again in Europe’s spotlight

The European Union Ministers of Foreign Affairs agreed to extend by six months the existing sanctions against Russia. That was the main decision taken … [Read More...]

A High-level Conference on Employment in Europe was organized in Milan by Matteo Renzi, Italian Prime Minister and President in office of the Council of the EU during the second half of 2014 (second from left). On that occasion Renzi raised his concerns about the faltering growth in Eurozone. The French President Francois Hollande (next to Renzi) took the opportunity to support the Italian prime minister’s views in the presence of the German Chancellor Angela Merkel. The President of the European Parliament Martin Schulz (first from left) and the then President of the EU Commission Manuel Barroso were also present. (EU Commission Audiovisual Services, 08/10/2014).

Paris, Rome, Brussels and Frankfurt to confront Berlin over growth and the Athens enigma

After the Commission’s taciturn approval of the excess deficits in the government budgets of France and Italy last October and the decision of ECB in … [Read More...]

Angela Merkel at World Economic Forum 2015 in Davos (WEF, 22/01/2015)

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

At the second day of the World Economic Forum 2015 in Davos the world was expecting the German Chancellor, Mrs Angela Merkel, in one of the most … [Read More...]

Alexis Tsipras President of SYRIZA (on the left) visited the European Central Bank and met with Mario Draghi. He also met with Jörg Asmussen, Board Member of ECB from 1 Jan 2012 till 8 Jan 2014 (on the right). Asmussen is presently vice-Minister of Labour of the German Federal government and a regular interlocutor to Tsipras. (ECB Audiovisual Services 19 September 2013).

Greece: The new government of Alexis Tsipras shows its colors

Alexis Tsipras, the new Prime Minister of Greece and leader of the radical militant left SYRIZA party, who won last Sunday’s legislative election with … [Read More...]

The BRICS Agenda session (WEF, 22/01/2015)

“China is the only BRICS country to have either met or possibly slightly surpassed my expectations”, BRICS inventor Jim O’ Neil from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

Being at the second day of the World Economic Forum 2015 in Davos a session that monopolised the interest of the world was titled "The BRICS Agenda". … [Read More...]

John Kerry, US Secretary of State at the World Economic Forum 2015 in Davos (WEF, 23/01/2015)

“We have to do a better job of creating alternatives to violent extremism”, US Secretary of State John Kerry from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

There was probably no need for Professor Klaus Schwab, founder and executive chairman of the World Economic Forum, to welcome an “old friend and … [Read More...]

Alexis Tsipras talking to members of the Press. (European Parliament Audiovisual Services).

Alexis Tsipras ready to test Eurozone’s political sturdiness; Up to what point?

With the left-wing SYRIZA ready to form a new government in Athens, the party will be the first radical political formation to lead a Eurozone … [Read More...]

Francoi

“France will be there, it will always be there!”, French President Hollande says in a rather disorganised speech; the Sting reports live from World Economic Forum 2015 in Davos

He was expected before noon but he stumbled upon some snowfall, Mrs Lagarde had told us earlier in the morning during the session on Climate change. … [Read More...]

Mario Draghi walks to take his position in ECB’s Press Conference room. (ECB Audiovisual Services, 22/1/1015).

ECB’s €1.14 trillion again unifies Eurozone; Germany approves sovereign debt risks to be pooled

The long-awaited move of the European Central Bank finally came yesterday afternoon. Mario Draghi announced from ECB’s Press room in the Frankfurt … [Read More...]

Europe's Twin Challenges: Growth and Stability (WEF, 22/01/2015)

Austerity lovers to put a break on Renzi’s growth vision for Europe? the Sting reports live from World Economic Forum 2015 in Davos

The World Economic Forum is said to be a congress of polyphony and contradictions. This year's edition bore witness to this perennial value of the … [Read More...]

China‿s Impact as a Global Investor: Cai, Gonzalez, Dong Minzgzhu, Lin, Davies, Diamond, Shuli

China’s impact as a global investor; the Sting reports live from World Economic Forum 2015 in Davos

The Sting continues its exclusive live coverage from the World Economic Forum 2015 in Davos with a critical piece on China. Yesterday afternoon all … [Read More...]

Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, went to Washington where she participated in an International Leaders Forum on "The Transatlantic Bond in an Age of Complexity" at Brookings Institution. The event, moderated by Karen Donfried, President of the German Marshall Fund of the United States (GMF), was jointly organised by the Center on the United States and Europe (CUSE) of Brookings Institution and the GMF. The Vice-President then met with Madeleine Albright, Chair of Albright Stonebridge Group. Who says that the old ghosts don’t haunt today’s skies. The day after Federica Mogherini (on the left) met with Michael Froman, US Trade Representative. The specter of Transatlantic Trade and Investment Partnership (TTIP) must have been present. Again the old phantoms are present in today’s business. (EC Audiovisual Services, 21/01/2015).

‘Internal security’ or how to compromise citizens’ rights and also make huge profits

Only days if not hours after the Charlie Hebdo tragedy in Paris, some governments and many politicians in Europe called for more and tougher internal … [Read More...]

Matteo Renzi click at #WEF

“For my children Italy will be an innovation lab and not a museum”; the Sting reports live from World Economic Forum 2015 in Davos

The World Economic Forum 2015 just started earlier this morning amidst the ice cold Swiss Alps. After facing the train delays in Klosters Platz and … [Read More...]

Mr Borissov seems too certain that Bulgaria will play a primordial role in EU's energy plans.
Boyko Borissov, Bulgarian Prime Minister, paid a visit to the EC and was received by Corina Creţu, Member of the EC in charge of Regional Policy, Maroš Šefčovič, Vice-President of the EC in charge of Energy Union, Miguel Arias Cañete, Member of the EC in charge of Climate Action and Energy, and Kristalina Georgieva, Vice-President of the EC in charge of Budget and Human Resources (EC Audiovisual Services, 12/01/2015 )

Russia to cut gas supplies again: can the EU get back to growth without a solid energy market?

“Energy” is a word that may sound a bit alarming in the European Union nowadays. This happens because Europe has a problem: its energy supplies are … [Read More...]

World Economic Forum 2015

The European Sting live from the World Economic Forum 2015 in Davos

So it's time. The most prominent economic and political congress in the world opens its golden doors today. More than 40 heads of state accompanied by … [Read More...]

Jyrki Katainen, Vice-President of the EC in charge of Jobs and Growth went to Rome where he attended a meeting of the Italian Chamber of Deputies. The Vice-President then attended two meetings with Pietro Carlo Padoan, Italian Minister for Economy and Finances, and Federica Guidi, Italian Minister for Economic Development. This journey to Italy would be followed by several visits in 2015 as part of the "Investment Roadshow", aimed at promoting the EU strategic investment plan presented by the Juncker Commission at the European Parliament on 26/11/2014. A view of the lunch - talk at ISPI. (EC Audiovisual Services 16/01/2015).

Why Eurozone urgently needs the ECB to print and distribute at least €500 billion

Next Thursday 22 January the European Central Bank is expected to announce its new extraordinary monetary program (quantitative easing), under which … [Read More...]

Commissioner Dimitris Avramopoulos in charge of Migration, Home Affairs and Citizenship
at plenary session, week 03 2015, during his speak (EP Audiovisual Services, 13/01/2015).

Is the EU competent enough to fight human smuggling in 2015?

That the European Union is facing its big problem of exorbitant illegal immigration is not news. How can it be in a gigantic region of 28 countries … [Read More...]