The Sting of the Day

President of the European Central Bank (EBC) Mario Draghi (reading a document) met the European Parliament's economic committee to discuss ECB's perspective on economic and monetary developments. (EP Audiovisual Services, 17/11/2014).

Draghi: printing a full extra trillion non negotiable to help all borrow cheaply

European Central Bank President Mario Draghi speaking at the economic and monetary affairs Committee of the European Parliament last Monday, made at least two direct references to additional monetary … [Read More...]

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Economy

Mercedes___Logo

How and why Mercedes fakes the EU fuel consumption tests

Remember the time you bought a new car. You normally visited it at the showroom, took it for a test drive, read the fuel consumption. Those three … [Read More...]

Irene Madsen, Team leader at the European Court of Auditors, Milan Martin Cvikl, and Angela Hodar McCann, Head of Unit at the European Court of Auditors (from left to right). Cvikl gave a press conference following the publication of the special report n° 5/2014 entitled "European banking supervision taking shape - EBA and its changing context" in which the European Court of Auditors assessed whether the Commission and the European Banking Authority (EBA) had satisfactorily carried out their responsibilities in setting up the new arrangements for the regulation and supervision system of the banking sector and to examine how successfully those new arrangements were functioning. The report found shortcomings in cross-border banking supervision, the assessment of the resilience of EU banks, and the promotion of consumer protection. (EC Audiovisual services, 2/7/2014).

What can stop the ‘too big to fail’ bankers from terrorising the world?

Last Monday 10 November the Financial Stability Board, an international non-binding body based in Basel which comprises government and central bank … [Read More...]

European Parliament. 8th Parliamentary term in Brussels. Committee on Economic and Monetary Affairs meeting. Roberto Gualtieri, in the Chair (on the left). Monetary Dialogue with European Central Bank President Mario Draghi. (European Parliament Audiovisual Services, 22/09/2014).

The banks first to benefit from the new euro trillion ECB plans to print

Last week, all the major media reported a deep division in the Governing Council of the European Central Bank, over a Mario Draghi policy proposal to … [Read More...]

Jean-Claude Juncker, President of the EC, gave a press conference on the conclusions of the first weekly meeting of the Juncker Commission which was held on the same day (EC Audivisual Services, 05/11/2014)

EU growth in 2015 to be again sluggish; Can the Juncker Commission fight this out?

It was last Tuesday when the European Commission (EC) met in Brussels to talk about the 2014 autumn economic forecast. Among others, the discussion … [Read More...]

Jyrki Katainen, Vice-President of the European Commission in charge of Jobs, Growth, Investment and Competitiveness, (on the left) and Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, gave a joint press conference on the autumn economic forecasts for 2014-2016. A weak economic growth for the rest of the year 2014 in both the EU and the euro area was expected. Real GDP growth was expected to reach 1.3% in the EU and 0.8% in the euro area for 2014 as a whole. (EC Audiovisual Services, 04/11/2014).

Is the ECB ready to flood Eurozone with freshly printed money?

The insatiable appetite of the global financial system for more free cash from central banks has now reached the Governing Council of the European … [Read More...]

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A Sting Exclusive

I-Society

Google_logo

Search Engine neutrality in Europe in danger: Are 160.000 Google filtering requests good enough?

The long awaited last public discussion about "the right to be forgotten" took place in Brussels yesterday. This was the last of the seven miracles or … [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...]

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...]

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More Stings

President of the European Central Bank (EBC) Mario Draghi (reading a document) met the European Parliament's economic committee to discuss ECB's perspective on economic and monetary developments. (EP Audiovisual Services, 17/11/2014).

Draghi: printing a full extra trillion non negotiable to help all borrow cheaply

European Central Bank President Mario Draghi speaking at the economic and monetary affairs Committee of the European Parliament last Monday, made at … [Read More...]

David Cameron is counting to Manuel Barroso the reasons why the EU immigrants should be stopped from entering the UK but Ed Miliband from the UK labour party can count more. Photo taken during discussions between David Cameron, British Prime Minister, and José Manuel Barroso during a on a Ukranian crisis meeting  between Heads of EU State at the EU Council, earlier this year. (EC Audiovisual Services, 6/03/2014)

Cameron’s Conservatives and UKIP are exploiting and cultivating anti-EU immigration sentiment but Labour party isn’t?

Currently the significant success of the eurosceptic UKIP party in polarising the British voter in several social issues, like immigration, has set … [Read More...]

Round table: Mariano Rajoy Brey, Spanish Prime Minister, François Hollande, President of the French Republic, Barack Obama, President of the United States, David Cameron, British Prime Minister, Angela Merkel, German Federal Chancellor, Herman van Rompuy and Jean-Claude Juncker (in a clockwise direction). David Cameron's seat right next to President Obama made it inevitable that he boosts TTIP at Brisbane. (EC Audiovisual Services, 16/11/2014)

UK’s Cameron takes the field to speed up TTIP talks. Will “rocket boosters” work?

In the last few months negotiations over the Transatlantic Trade and Investment Partnership (TTIP) seemed to have slowed down significantly. TTIP … [Read More...]

The leaders of the West hold a meeting in the side lines of the Brisbane G20 Summit. (From Right to Left) : Jean-Claude Juncker, President of the European Commission, Angela Merkel, Chancellor of Germany, David Cameron Prime Minister of the United Kingdom, Barack Obama, President of the United States, Francois Hollande, President of France and Mariano Rajoy, Prime Minister of Spain. Matteo Renzi, the Italian Prime Minister is not seen, being sited between Hollande and Rajoy. (EC Audiovisual Services, 16/11/2014).

The West definitively cuts Russia off from the developed world

Last weekend’s G20 Summit in Brisbane Australia in a direct way ineradicably mapped the abyss now dividing the West from Russia. American and European … [Read More...]

Mercedes___Logo

How and why Mercedes fakes the EU fuel consumption tests

Remember the time you bought a new car. You normally visited it at the showroom, took it for a test drive, read the fuel consumption. Those three … [Read More...]

Irene Madsen, Team leader at the European Court of Auditors, Milan Martin Cvikl, and Angela Hodar McCann, Head of Unit at the European Court of Auditors (from left to right). Cvikl gave a press conference following the publication of the special report n° 5/2014 entitled "European banking supervision taking shape - EBA and its changing context" in which the European Court of Auditors assessed whether the Commission and the European Banking Authority (EBA) had satisfactorily carried out their responsibilities in setting up the new arrangements for the regulation and supervision system of the banking sector and to examine how successfully those new arrangements were functioning. The report found shortcomings in cross-border banking supervision, the assessment of the resilience of EU banks, and the promotion of consumer protection. (EC Audiovisual services, 2/7/2014).

What can stop the ‘too big to fail’ bankers from terrorising the world?

Last Monday 10 November the Financial Stability Board, an international non-binding body based in Basel which comprises government and central bank … [Read More...]

ENVI committee meeting - Vote on Possibility for the Member States to restrict or prohibit the cultivation of GMOs in their territory (EP Audiovisual Services, 11/11/2014)

Europe votes against GMOs but the Council votes for TTIP

Yesterday afternoon good news came out of the European Parliament; good news for the anti-GM (Genetically Modified Organisms) movement and hopefully … [Read More...]

Martin SCHULZ - EP President meets with Artur MAS - President of the Catalan Government. Mr Mas would wish he had the  blessings of Mr Schulz for his illegal vote of last Sunday (EP Audiovisual Services, 21/03/2012)

Catalonia’s vote for independence and the power of symbols

Although the polling has no legal force, the officers were all volunteers, and the election might be illegal, Catalans voted on 9 November. And the … [Read More...]

European Parliament. 8th Parliamentary term in Brussels. Committee on Economic and Monetary Affairs meeting. Roberto Gualtieri, in the Chair (on the left). Monetary Dialogue with European Central Bank President Mario Draghi. (European Parliament Audiovisual Services, 22/09/2014).

The banks first to benefit from the new euro trillion ECB plans to print

Last week, all the major media reported a deep division in the Governing Council of the European Central Bank, over a Mario Draghi policy proposal to … [Read More...]

Jean-Claude Juncker, President of the EC, gave a press conference on the conclusions of the first weekly meeting of the Juncker Commission which was held on the same day (EC Audivisual Services, 05/11/2014)

EU growth in 2015 to be again sluggish; Can the Juncker Commission fight this out?

It was last Tuesday when the European Commission (EC) met in Brussels to talk about the 2014 autumn economic forecast. Among others, the discussion … [Read More...]

Jyrki Katainen, Vice-President of the European Commission in charge of Jobs, Growth, Investment and Competitiveness, (on the left) and Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, gave a joint press conference on the autumn economic forecasts for 2014-2016. A weak economic growth for the rest of the year 2014 in both the EU and the euro area was expected. Real GDP growth was expected to reach 1.3% in the EU and 0.8% in the euro area for 2014 as a whole. (EC Audiovisual Services, 04/11/2014).

Is the ECB ready to flood Eurozone with freshly printed money?

The insatiable appetite of the global financial system for more free cash from central banks has now reached the Governing Council of the European … [Read More...]

Google_logo

Search Engine neutrality in Europe in danger: Are 160.000 Google filtering requests good enough?

The long awaited last public discussion about "the right to be forgotten" took place in Brussels yesterday. This was the last of the seven miracles or … [Read More...]

Cecilia Malmström, Member designate of the EC in charge of Trade, was auditioned by the Committee on International Trade (INTA) of the EP. (EC Audiovisual Services, 29/09/2014)

Italy’s rescue operation Mare Nostrum shuts down with no real replacement. EU’s Triton instead might put lives at risk

The European Union’s border control agency Frontex officially launched a mission in the Mediterranean Sea to face the mass attempt of migrants from … [Read More...]

The European Commission of Last-Chance
In the 1st row: Cecilia Malmström, Member of the EC in charge of Trade, Jyrki Katainen, Vice-President in charge of Jobs, Growth, Investment and Competitiveness, Marianne Thyssen, Member of the EC in charge of Employment, Social Affairs, Skills and Labour Mobility, Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, Jean-Claude Juncker, President of the EC, Kristalina Georgieva, Vice-President of the EC in charge of Budget and Human Resources, Frans Timmermans, First Vice-President in charge of Better Regulation, Inter-Institutional Relations, the Rule of Law and the Charter of Fundamental Rights, and Vĕra Jourová, in charge of Justice, Consumers and Gender Equality,
in the 2nd row: Neven Mimica, Member of the EC in charge of International Cooperation and Development, Violeta Bulc, Member of the EC in charge of Transport, Jonathan Hill, Member of the EC in charge of Financial Stability, Financial Services and Capital Markets Union, Elżbieta Bieńkowska, Member of the EC in charge of Internal Market, Industry, Entrepreneurship and SMEs, and Margrethe Vestager, Member of the EC in charge of Competition,
in the 3rd row: Tibor Navracsics, Member of the EC in charge of Education, Culture, Youth and Sport, Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, Valdis Dombrovskis, Vice-President of the EC in charge of the Euro and Social Dialogue, Andrus Ansip, Vice-President of the EC in charge of Digital Single Market, Corina Creţu, Member of the EC in charge of Regional Policy, Dimitris Avramopoulos, Member of the EC in charge of Migration, Home Affairs and Citizenship, and Vytenis Andriukaitis, Member of the EC in charge of Health and Food Safety,
in the 4th row: Phil Hogan, Member of the EC in charge of Agriculture and Rural Development, Günther Oettinger, Member of the EC in charge of Digital Economy and Society, Johannes Hahn, Member of the EC in charge of European Neighbourhood Policy and Enlargement Negotiations, and Christos Stylianides, Member of the EC in charge of Humanitarian Aid and Crisis Management,
in the 5th row: Maroš Šefčovič, Vice-President of the EC in charge of the Energy Union, Miguel Arias Cañete, Member of the EC in charge of Climate Action and Energy, Karmenu Vella, Member of the EC in charge of Environment, Maritime Affairs and Fisheries, and Carlos Moedas, Member of the EC in charge of Research, Science and Innovation. (EC Audiovisual Services, 22/10/2014).

Last-chance Commission: Why Juncker promised investments of €300 billion?

Jean-Claude Juncker is a ‘product’ of the 2008-2010 and still ongoing financial crisis in the Western economic volume. So is his Commission Presidency … [Read More...]

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...]