The Sting of the Day

Peter Praet, Member of the Executive Board of the European Central Bank (ECB)
in the festivities to celebrate the enlargement of the euro area to include Lithuania (EC Audiovisual Services, 23/07/2014)

ECB to play down IMF’s alarms for deflation danger in the EU

It was last Tuesday when Peter Praet, Member of the Executive Board and chief economist of the European Central Bank (ECB), reported to two Belgian newspapers that there is limited risk of price … [Read More...]

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Economy

Peter Praet, Member of the Executive Board of the European Central Bank (ECB)
in the festivities to celebrate the enlargement of the euro area to include Lithuania (EC Audiovisual Services, 23/07/2014)

ECB to play down IMF’s alarms for deflation danger in the EU

It was last Tuesday when Peter Praet, Member of the Executive Board and chief economist of the European Central Bank (ECB), reported to two Belgian … [Read More...]

Embrace between François Hollande, President of the French Republic, and Jean-Claude Juncker, President of the European Commission as from 01/11/2014 in the presence of Angela Merkel, German Federal Chancellor, and Martin Schulz, President of the European Parliament (in the foreground, from left to right). European Council of Brussels, 23-24/10/2014. Discussions focused on getting the right balance in the EU's approach on the Economy so it could stimulate growth and reduce unemployment. (EC Audiovisual Services, 23/10/2014).

EU to finance new investment projects with extra borrowing; French and Italian deficits to be tolerated

The EU Commission has correctly translated the ideas emanated from the Brussels’ European Council of 23-24 October and accordingly adjourned … [Read More...]

Martin Schulz, EP President meets with Michel Sapin, French Minister for Labour, Employment and Social affairs followed by press point last November. Mr Sapin would wish he could shake hands so happily after his meeting with Wolfgang Schauble last Monday (European Parliament Media Services, 19/11/2013)

France asks help from Germany but it will not be for free

France and Germany had a 'meeting' last Monday to discuss about the latter’s support on the problematic budget of France regarding the high deficit … [Read More...]

On 1 January 2015 Lithuania will become the 19th member state of the euro area, further deepening economic and financial integration with European countries. To mark this occasion as well as to discuss euro area enlargement and policy reforms that are aimed at strengthening the functioning of the single market and the EMU, the Bank of Lithuania together with the European Central Bank, the European Commission and the Ministry of Finance of the Republic of Lithuania is organizing a euro changeover conference “Single Market, Single Currency, Common Future”. Speakers at this conference included Jyrki Katainen (at the rostrum), Vice-President of the European Commission in charge of Economic and Monetary Affairs and the Euro, Mario Draghi, President of the ECB, (second from right), Algirdas Butkevičius, Lithuanian Prime Minister, (second from left), Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, (first from left) and Rimantas Šadzius, Lithuanian Minister for Finance (first from right). (EC Audiovisual Services 25/09/2014).

ECB to buy corporate bonds: Will government financing be the next step?

Last Monday, the European Central Bank initiated its covered bank bonds buying programme. But it wasn’t until the major international news agencies … [Read More...]

Jyrki Katainen, Vice-President for Economic and Monetary Affairs and the Euro, was auditioned by the European Parliament. After his hearing, Katainen held a press briefing for the journalists. (EC Audiovisual Services, : 07/10/2014).

The EU moulds a new compromise for growth and financial sustainability

The whole world knows that the European Union has for decades been powered by a strong force; the Berlin - Paris axis. At times, when this  … [Read More...]

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A Sting Exclusive

I-Society

Kumardev Chatterjee, Founder & President of European Young Innovators Forum

It’s Time to Disrupt Europe, Digital First

Written by Kumardev Chatterjee, Founder & President of European Young Innovators Forum Over the last 30 years, the European Union has … [Read More...]

Hearing at the European Parliament of Andrus Ansip, Vice-President designate of the EC, in charge of Digital Single Market. Mr Ansip is trying to listen and understand the translation of the parlamanterian's comments and worries. Hopefully he will make it.

Digital business is Europe’s best hope to get back to growth

Digital market has received a lot of interest lately in Europe. Not only by the market players that have always lobbied more favourable or less … [Read More...]

facebook_whatsapp-logo

Facebook wins EU approval for WhatsApp acquisition; just a sign of the times

After a few months of sleepless nights, Facebook founder and young billionaire Mark Zuckerberg can finally relax a bit. The world's largest social … [Read More...]

Westminster Palace, hosting the House of Lords

Look Mom, even the House of Lords says the #righttobeforgotten is not right

The relation between the UK and the EU is like that passionate thing usually developped between a cat and a dog. Historically since the very beginning … [Read More...]

Embrace between Viviane Reding,  Commissioner responsible for Justice, on the right, and Neelie Kroes, Commissioner  in charge of Digital Agenda (EC Audiovisual Services, 1/07/2014)

Cancer research put at risk by General Data Protection Regulation? The possible dangers of a data privacy EU mania

One of the most important debate topics of the last months in the EU has been data privacy and data protection regulation. Whether it was for a major … [Read More...]

Google Logo

I’m not feeling lucky: The “Right to Be Forgotten” ruling puts Google inside a box

“How should one person’s right to be forgotten be balanced with the public’s right to know?” This is the question that Google is asking to its users … [Read More...]

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More Stings

Peter Praet, Member of the Executive Board of the European Central Bank (ECB)
in the festivities to celebrate the enlargement of the euro area to include Lithuania (EC Audiovisual Services, 23/07/2014)

ECB to play down IMF’s alarms for deflation danger in the EU

It was last Tuesday when Peter Praet, Member of the Executive Board and chief economist of the European Central Bank (ECB), reported to two Belgian … [Read More...]

Embrace between François Hollande, President of the French Republic, and Jean-Claude Juncker, President of the European Commission as from 01/11/2014 in the presence of Angela Merkel, German Federal Chancellor, and Martin Schulz, President of the European Parliament (in the foreground, from left to right). European Council of Brussels, 23-24/10/2014. Discussions focused on getting the right balance in the EU's approach on the Economy so it could stimulate growth and reduce unemployment. (EC Audiovisual Services, 23/10/2014).

EU to finance new investment projects with extra borrowing; French and Italian deficits to be tolerated

The EU Commission has correctly translated the ideas emanated from the Brussels’ European Council of 23-24 October and accordingly adjourned … [Read More...]

Kumardev Chatterjee, Founder & President of European Young Innovators Forum

It’s Time to Disrupt Europe, Digital First

Written by Kumardev Chatterjee, Founder & President of European Young Innovators Forum Over the last 30 years, the European Union has … [Read More...]

Connie Hedegaard

EU leaders agree on 2030 Climate and Energy Package: is “flexible” brave enough?

The European Union Heads of State last week reached an agreement on what it was welcomed as “the world’s most ambitious” target yet for cutting carbon … [Read More...]

Discussion between Vladimir Putin, President of Russia, on the right, and Catherine Ashton High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC. Obviously Putin is astonishing Ashton with something. In Minsk, Belarus, they both participated in a Forum between the Eurasian Customs Union, EU and Ukraine. The crisis in eastern Ukraine dominated the agenda, and Petro Poroshenko, President of Ukraine, called on the Forum to accept his peace plan for the country. (EC Audiovisual Services, 26/08/2014).

Brussels wins game and match in Ukraine no matter the electoral results

Yesterday’s election in Ukraine, even if after countless countings over the next days it gives President Petro Poroshenko’s Block a clear victory, is … [Read More...]

Martin Schulz, EP President meets with Michel Sapin, French Minister for Labour, Employment and Social affairs followed by press point last November. Mr Sapin would wish he could shake hands so happily after his meeting with Wolfgang Schauble last Monday (European Parliament Media Services, 19/11/2013)

France asks help from Germany but it will not be for free

France and Germany had a 'meeting' last Monday to discuss about the latter’s support on the problematic budget of France regarding the high deficit … [Read More...]

On 1 January 2015 Lithuania will become the 19th member state of the euro area, further deepening economic and financial integration with European countries. To mark this occasion as well as to discuss euro area enlargement and policy reforms that are aimed at strengthening the functioning of the single market and the EMU, the Bank of Lithuania together with the European Central Bank, the European Commission and the Ministry of Finance of the Republic of Lithuania is organizing a euro changeover conference “Single Market, Single Currency, Common Future”. Speakers at this conference included Jyrki Katainen (at the rostrum), Vice-President of the European Commission in charge of Economic and Monetary Affairs and the Euro, Mario Draghi, President of the ECB, (second from right), Algirdas Butkevičius, Lithuanian Prime Minister, (second from left), Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, (first from left) and Rimantas Šadzius, Lithuanian Minister for Finance (first from right). (EC Audiovisual Services 25/09/2014).

ECB to buy corporate bonds: Will government financing be the next step?

Last Monday, the European Central Bank initiated its covered bank bonds buying programme. But it wasn’t until the major international news agencies … [Read More...]

Maroš Šefčovič, Vice-President designate of the EC in charge of the Energy Union, was auditioned by the Committee on Industry, Research and Energy (ITRE) of the EP. Let's hope that he will drive us safe and smooth to the Energy Union (EC Audiovisual Services, 20/10/2014)

10 months were not enough for the EU to save the environment but 2 days are

The highlight in Brussels this week is certainly the EU Council of tomorrow, Thursday 23 October. The reason is not because it will be the last one … [Read More...]

Li Keqiang, Prime Minister of China, José Manuel Barroso, President of the European Commission and Herman van Rompuy, President of the European Council consulting a book (from right to left). This photo was taken during ASEM Milan 2014 last week and depicts the significant EU interest in further enhancing China-EU relations (EC Audiovisual Services, 15/10/2014)

10th ASEM in Milan and the importance of being one: EU’s big challenge on the way to China

The 10th Asia-Europe meeting (ASEM) in Milan, Italy, concluded last Friday after two full days of work. The meeting was established in 1996 and it has … [Read More...]

Italy, Milan, 10th Asia/Europe Summit (ASEM), 17/10/2014. Round table: Angela Merkel, German Federal Chancellor, Petro Poroshenko, President of Ukraine, Matteo Renzi, Italian Prime Minister and President in office of the Council of the EU, Vladimir Putin, President of Russia, François Hollande, President of the French Republic, David Cameron, British Prime Minister, and José Manuel Barroso (in an anti-clockwise direction). (EC Audiovisual Services, 17/10/2014).

Russia accepts what the EU has to offer and settles to negotiate with Ukraine

This time the Europeans did it without the Americans in Ukraine. They managed to convince Russia to guarantee unobstructed natural gas supplies for … [Read More...]

Hearing at the European Parliament of Andrus Ansip, Vice-President designate of the EC, in charge of Digital Single Market. Mr Ansip is trying to listen and understand the translation of the parlamanterian's comments and worries. Hopefully he will make it.

Digital business is Europe’s best hope to get back to growth

Digital market has received a lot of interest lately in Europe. Not only by the market players that have always lobbied more favourable or less … [Read More...]

Jyrki Katainen, Vice-President for Economic and Monetary Affairs and the Euro, was auditioned by the European Parliament. After his hearing, Katainen held a press briefing for the journalists. (EC Audiovisual Services, : 07/10/2014).

The EU moulds a new compromise for growth and financial sustainability

The whole world knows that the European Union has for decades been powered by a strong force; the Berlin - Paris axis. At times, when this  … [Read More...]

From left to right, Wolfgang Schüssel; Fabrizio Saccomanni; Sylvie Goulard; Leonhard Birnbaum; Christian Helmenstein  (United Europe, 13/10/2014)

Can privatisation be the panacea for the lack of growth in Europe?

An interesting topic was treated last Monday evening in Brussels and the European Sting was present to listen to some ideas on how to boost growth in … [Read More...]

Karel De Gucht, Member of the EC in charge of Trade, participated in the debate entitled "Stepping up a gear" organised as part of the Summit "European Movement International - Transatlantic Trade and Investment Partnership". Can events like that in Brussels educate European voters about TTIP? (EC Audiovisual Services, 02/10/2014)

EU makes key TTIP document public as protests get louder

The Transatlantic Trade and Investment Partnership, known as TTIP, has always been largely criticized, and this is not news. However, the … [Read More...]

Against the backdrop of a fragile and uneven global recovery, the IMF's policy-steering body—the International Monetary and Financial Committee—met on Saturday 11 October to discuss ways to boost growth and to foster a sustainable, balanced, and job-generating global economy. The Thirtieth Meeting of the IMFC was Chaired by Mr. Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and Minister for Finance (second from right in the front-line of the circle), next to him Christine Lagarde, Managing Director of IMF addresses the meeting. (IMF Audiovisual Services, 11/10/2014).

How close is the new financial Armageddon? IMF gives some hints

Six years after the Western financial system collapsed under its immeasurable greed for easy money expressed as an insatiable thirst for risk, the … [Read More...]

Amazon_Logo

Benjamin Franklin was wrong: Amazon can tax evade

"In this world nothing can be said to be certain, except death and taxes", Benjamin Franklin said back in the 18th century. Three hundred years later … [Read More...]

Press conference, after yesterday’s European Conference on ‘Youth Employment’ in Milan, Italy. From left to right, Manuel Barroso, outgoing President of European Commission, Angela Merkel, German Chancellor, François Hollande, French President, Matteo Renzi, Italian Prime Minister, Herman Van Rompuy, outgoing President of the European Council, Martin Schulz, President of the European Parliament. (The Council of the European Union Photographic Library, 8/10/1014).

Is Germany yielding to pressures for more relaxed economic policies?

Not surprisingly, European Commission’s quarterly review on ‘Employment and Social Situation’ and its “Annual Report on European SMEs 2013/2014” which … [Read More...]

Connie Hedegaard, EU Commissioner for Climate Action,  looking through a window during her visit to China last April to monitor developments in EU-China Climate Action. The Commissioner is struggling to see what is out of the window but she cannot escape seeing herself. Oil sands case needs certainly some endoscopy.

Can one FTA and 110 lobby meetings make the dirty oil clean in Europe?

So it happens again. The EU is compromising its own policies to endorse trade and business. What's wrong with that? Just an equivalent environmental … [Read More...]

Dan Mullaney, Chief US Negotiator for the Transatlantic Trade and Investment Partnership (TTIP), and Ignacio Garcia Bercero, Chief EU Negotiator for the TTIP, started the 7th round of talks to establish the Transatlantic Trade and Investment Partnership (TTIP), in Chevy Chase, in the Maryland. Judging from the body language, it seems that these two gentlemen understand each other extremely  well. (EC Audiovisual Services, 29/09/2014)

“Health and environment first of all”, EU says with forced optimism after 7th round of TTIP talks

Last Friday the United States and the European Union concluded the seventh round of the Transatlantic Trade and Investment Partnership talks in the … [Read More...]

On 1 January 2015 Lithuania will become the 19th member state of the euro area, further deepening economic and financial integration with European countries. To mark this occasion as well as to discuss euro area enlargement and policy reforms that are aimed at strengthening the functioning of the single market and the EMU, the Bank of Lithuania together with the European Central Bank, the European Commission and the Ministry of Finance of the Republic of Lithuania organized on 25 September a euro changeover conference “Single Market, Single Currency, Common Future”. Speakers at this conference included Jyrki Katainen, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro (first from right), Mario Draghi, President of the ECB (first from left), Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania (in the centre) and Rimantas Šadzius, Lithuanian Minister for Finance (not showing). (EC Audiovisual Services).

ECB reaches the boundaries of its mandate to revive the entirety of Eurozone

Mario Draghi proved last week that the European Central Bank is the only Eurozone institution catering for the entire single money area and not only … [Read More...]

Mario Draghi, President of ECB, at the press conference of G20 in February 2012. Seems he could not imagine that 2 years later the Eurozone inflation will note a five-year low. (EC Audiovisual Services, 25/02/2012)

Five-year low inflation for Eurozone and now Mario has to finally wake up the Germans

The European Central Bank’s (ECB) governing council is gathering today in Naples to discuss the monetary policy just two days after the publication of … [Read More...]

facebook_whatsapp-logo

Facebook wins EU approval for WhatsApp acquisition; just a sign of the times

After a few months of sleepless nights, Facebook founder and young billionaire Mark Zuckerberg can finally relax a bit. The world's largest social … [Read More...]

José Manuel Barroso, President of the EC, Herman van Rompuy, President of the European Council, and Stephen Harper, Canadian Prime Minister, participated in the EU/Canada Summit which was held in Ottawa. (from left to right) (EC Audiovisual Services, 26/09/2014)

Canada and EU officially sign the trade agreement that could open-up the road to TTIP

Last Friday the European Union and Canada officially marked the end of five years of negotiations and talks: the Comprehensive Economic and Trade … [Read More...]

Günther Oettinger, Vice-President of the EC in charge of Energy (on the right) and Aleksandr Novak, Russian Minister for Energy participated in the EU/Russia/Ukraine trilateral meeting which aims to ensure continued gas supplies and transit. To this effect Oettinger proposed a new compromise to secure gas supplies to Europe and the Ukraine during the winter season. The proposal envisages the following comittments:* Ukraine would settle its debts based on a preliminary price of $268,5$/1000m3 by making payments in two tranches: 2 Billion $ by the end of October and 1,1 Billion $ by the end of the year.* Gazprom and Naftogaz agree that at least 5 bcm based on a price of 385$/1000m3 will be delivered to Ukraine in the coming winter with the possibility for Naftogaz to order more gas if needed. 5 bcm is the minimum volume Ukraine considers it would need in the coming winter. There was no immediate reaction by the Russian minister.

EU cracks under the weight of its policy on the Ukraine-Russia nub

The Ukrainian civil war, with the two sides patronised respectively by the West (EU and US) and Russia, has now deeply divided the entire Old … [Read More...]

Karel De Gucht, Member of the EC in charge of Trade, met with Michael Froman, US Trade Representative, in Sydney in the margins of the meeting of the Ministers for Trade at the G20 Summit (from left to right), (EC Audiovisual Services, 18/07/2014)

Europe again the black sheep at the G20 Finance Ministers and Central Bank Governors

Last weekend the much anticipated G20 Finance Ministers’ and Central Bank Governors’ meeting happened in Cairns, Australia. It was very supportive and … [Read More...]

Visit of Recep Tayyip Erdoğan, Turkish Prime Minister, to the European Commission last January. It seems that both Barroso and Erdogan are pointing to the same direction. The question though is whether Turkey can follow. Recep Tayyip Erdoğan, President of Turkey, on the left, and José Manuel Barroso, President of EC (EC Audiovisual Services, 21/02/2014)

Turkey presents a new strategy for EU accession but foreign policy could be the lucky card

Last Thursday, September 18, while the entire continent was looking towards Scotland, Turkey announced a new strategy to join the EU. Despite the … [Read More...]

Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, received Artur Mas, President of the Generalitat de Catalunya. This handshake that happened exactly one year ago probably made most Catalans believe that they can make ends meet on their own (EC Audiovisual Services, 30/09/2013)

Scotland “shows the way” to separatist movements as Catalonia calls a vote on independence

The fact that Scotland’s vote for independence was a milestone in the separatist movements’ history within the European Union was already clear. In … [Read More...]

Jean-Claude Juncker, President-elect of the EC, gave a press conference on the attribution of portfolios to the Commissioners-designate. He unveiled his team and the new shape of the next European Commission.
After the EU had come through one of the most testing periods in its history, one of the biggest challenges would be to convince citizens that things will change. To deliver change, the Commission needed to be open to reform. (EC Audiovisual Services, 10/9/2014).

There is a way for Eurozone to reach a sustainable growth path

Slowly but surely Euro area inflation rate heads for the zero zone, making decision makers nervous and everybody else, especially the unemployed young … [Read More...]

László Andor, Commissioner for Employment and Social Affairs, and Michel Sapin, French Finance Minister at the European Job Days Paris 2013 (EC Audiovisual Services, 3/10/2013)

Back to the basics for the EU: Investment equals Growth

It was only last Saturday when the European finance ministers gathered in Italy to decide how to bring back growth, a long-plaguing hoarse of the EU … [Read More...]

Visit of José Manuel Barroso, President of the EC, and Štefan Füle, Member of the EC, to Ukraine (from right to left, Petro Poroshenko, President of Ukraine and José Manuel Barroso, President of EC), (EC Audiovisual Services, 12/09/2014)

Ukraine-EU deal sees the light but there’s no defeat for Russia

While the ceasefire between Ukraine’s military forces and the separatists appears to be holding since the September 5th truce, something “historic” - … [Read More...]