Jean-Claude Juncker, the EU Commission President together with the Japanese Prime Minister Shinzo Abe gave a Press conference following the 23rd EU-Japan Summit which took place in Tokyo on 29 May. The focal point of the meeting was supposed to be the free trade agreement (FTA) between the two sides. However the EU dignitary spoke […]A few, or rather two, trade and economic alliances may rule our brave new world
June 1, 2015 by Leave a Comment
Jean-Claude Juncker, the EU Commission President together with the Japanese Prime Minister Shinzo Abe gave a Press conference following the 23rd EU-Japan Summit which took place in Tokyo on 29 May. The focal point of the meeting was supposed to be the free trade agreement (FTA) between the two sides. However the EU dignitary spoke […]The ECB tells Berlin that a Germanic Eurozone is unacceptable and doesn’t work
May 28, 2015 by Leave a Comment
Last week Eurostat, the EU statistical service, confirmed that Eurozone inflation was stuck at zero percent in April, remaining in the region of deflation. No need to mention what a too low or zero or negative inflation means for a stagnating or even receding economy. Add to that the perilous position of Greece in and […]Big world banks to pay $ 4.95bn for cheating customers; Is it a punishment or a gentle caress?
May 25, 2015 by Leave a Comment
Last week five of the world largest banks, JPMorgan, Barclays, Citigroup, Royal Bank of Scotland and Union de Banques Suisses were fined by the American magistrates a total of $ 4.7 billion for rigging interest rate benchmarks. The banks had been setting those standards by themselves for five years after 2007. In another case the […]Why is the EU launching a doomed policy in stopping immigrant waves? What are the real targets?
May 21, 2015 by Leave a Comment
For what it’s worth, the Libyan government, the one recognized by Europe and the West, rejected the EU plan to carry out military operations in the country’s territorial waters and soil against the traffickers of immigrants. This reaction by the one of the two Libyan governments is quite understandable, because it’s practically impossible to distinguish […]More billions needed to help Eurozone recover; ECB sidesteps German objections about QE
May 18, 2015 by Leave a Comment
The Eurozone economy has been taking two steps forward and one step backward over the past few months. The minimal increase of the GDP growth rate to 0.4% during the first quarter of this year and the equally small increase of people in employment was accompanied by a fall of industrial production and a decrease […]EU’s core members are eyeing larger parts of arms trade and of world map
May 14, 2015 by 1 Comment
Last Friday, 8 May, the European Commission released two documents setting a path for defense and security cooperation within the EU. The reports will be presented in an upcoming discussion by the competent 28 Ministers on 18 May and the Heads of State and Government in the European Council of 25 June. The two documents […]Why did Cameron gain absolute majority? What will he do now? Will he vote ‘yes’ in Britain’s in – out EU referendum?
May 11, 2015 by Leave a Comment
The UK election results came as a shock to many but primarily shook the British public opinion poll experts. All of them failed to even come anywhere near predicting the final results. For Britain, David Cameron’s win means no-change where it counts, the economy, the foreign policy and the home affairs. Regarding the repercussions on […]European Business Summit 2015: In search of a vision for the future
May 7, 2015 by Leave a Comment
It only happens once a year in Brussels and the time is now. The European business leaders gather presently in the Belgian and EU’s capital for two days to stage the European Business Summit. It started yesterday Wednesday 6 May and is concluding today. The business leaders are taking stock of the present and plan […]Eurozone at risk of home-made deflation and recession
May 4, 2015 by Leave a Comment
Tomorrow Tuesday, 5th April, the European Commission will present its ‘Spring European Economic Forecast’ including assessments and predictions about GDP, inflation, employment and government finance for 2014, 2015 and 2016. Good providence made sure that last Thursday Eurostat released its flash estimate of April inflation standing at the edge of zero percent, up by an […]Counting unemployment in the EU: The real rate comes to anything between 16.1% and 20.6%
April 30, 2015 by Leave a Comment
Eurostat, the EU statistical service, repeated with more recent figures its memorable work on the real unemployment rate, that appeared for the first time in 2014 based on data for the third quarter of 2013. This time the Eurostat researchers worked with data for the last quarter of 2014. The new results they produced refer […]The EU threatens to occupy Libya militarily; is another colonial war brewing?
April 27, 2015 by Leave a Comment
It was really deplorable to watch the 28 EU leaders who gathered in Brussels last week after the hecatombs of drowned emigrants, to solemnly discuss aggressive military operations on the soil and the sea ports of their Mediterranean neighbours. They decided to use military force and thus kill people, in order to forcefully reverse the […]Will Eurozone be able to repay its debts? Is a bubble forming there?
April 23, 2015 by Leave a Comment
This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]Youth and children in Europe set the new perspectives for the decades to come
April 20, 2015 by Leave a Comment
The share of children of less than 15% in a population is a powerful and polyvalent indicator. For one thing, it accurately predicts the strength or the frailness of the country’s most valuable asset for the next decades, which is its human capital in productive age. The obvious value of the related statistics led Eurostat, […]Does the West reserve the fate of Libya and Syria for others? How does this relate to the EU’s Neighborhood Policy?
April 16, 2015 by Leave a Comment
Last Monday the High Representative and Vice-president of the European Commission Federica Mogherini delivered the opening speech, in the ministerial meeting of EU’s Southern partners, in the context of the European Neighborhood Policy that took place in Barcelona. At some point she noticed that out of the 38 foreign ministers who were supposed to participate […]Can the national and age groups pockets of unemployment cause irreparable damages to Eurozone?
April 13, 2015 by Leave a Comment
It’s a bit awkward to consider a drop of the unemployment rate by one decimal point of a percentage unit as economic growth, and call it a reversal to the positive region, as some Brussels dignitaries and bureaucrats do. Incidentally, the euro area unemployment rate fell to 11.3% in February, down from 11.4% in January […]How Germany strives to mold ECB’s monetary policy to her interests
April 9, 2015 by Leave a Comment
Sabine Lautenschläger, a Member of the Executive Board of the European Central Bank and at the same time Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism is in itself a living proof that euro area is a Germanic monetary zone, in reality an extension of the zone of the German mark. According to […]Can Obama attract Iran close to the US sphere of influence?
April 7, 2015 by Leave a Comment
The best indications about the fairness of a deal are that all the parties directly involved in it can claim victory, and when it comes to the detailed terms they feel they didn’t get exactly what they wanted. This is exactly what happened after the six major world powers (the P5+1 group of countries, the […]The EU Parliament and the ECB unknowingly or unwillingly fail to protect our financial assets
April 2, 2015 by Leave a Comment
This week the European Parliament and the European Central Bank rather unknowingly or unwillingly failed to protect the European citizens from the attacks of ‘money sharks’. In two different occasions the two most important European institutions secured the bankers reign on peoples’ money. Let us take one thing at a time. When the average hard […]The 28 EU leaders care more about fiscal orthodoxy than effectively fighting youth unemployment
March 30, 2015 by Leave a Comment
Last week the European Court of Auditors (ECA) published a report on the “risks to the successful implementation of the EU Youth Guarantee”. The ECA review, while noting that according to the Commission the available funding for this much advertised EU project is estimated at €16.7 billion for the 2014-2020 period including national resources, it […]ECB with an iron hand disciplines the smaller Eurozone member states; latest victim: Greece
March 26, 2015 by Leave a Comment
Last Monday the President of the European Central Bank, Mario Draghi reacted strongly while answering a MEP’s question in the European legislature. He was asked if the ECB is “blackmailing” and financially “suffocating” Greece. As expected, he denied the accusations. Was he right though? Rather not. Only some hours afterwards the central bank ordered the […]Have Europe’s Ukrainian wounds begun to heal?
March 23, 2015 by Leave a Comment
The wounds the Ukrainian civil war has inflicted on Europe have now stopped bleeding and if not begun healing at least they claim no more fatalities. The Minsk II agreement is holding well and the Europeans, most of them, have made clear to the Americans that there is no chance of starting a new war […]Can the US-Iran rapprochement change the world?
March 19, 2015 by Leave a Comment
The United States global gendarmes and the Shiite Iran were brought together in a common fight against the Islamic States murderers in Iraq and Syria, thus opening the way for a wider understanding between the two until recently sworn enemies. The American government saw one more major geostrategic advantage in the rapprochement with Tehran. And […]Can Greece’s democratic institutions keep it in Eurozone?
March 16, 2015 by Leave a Comment
Paris, Washington and Brussels categorically reject the idea of a Grexit, while Berlin is still loudly insisting that the Eurozone can weather at a cost Greece’s secession. Behind closed doors though, the German decision makers are also not at all sure about that. Greece’s exit from Eurozone has lately become the talk of the town […]Only the Americans are unhappy with the ceasefire agreement in eastern Ukraine
March 12, 2015 by Leave a Comment
Despite the fact that the Minsk ceasefire agreement is holding more or less well and the bloodshed in eastern Ukraine has stopped, the Americans seem quite unhappy. They insist on the need to supply the Ukrainians with heavy armaments to continue the war, this time clearly against Putin’s Russia. Let’s follow the facts. On 25 […]ECB’s billions fortify south Eurozone except Greece; everybody rushes to invest in euro area bonds zeroing their yields
March 9, 2015 by Leave a Comment
Even without having spent yet a single euro the European Central Bank’s program of sovereign bond buying of €60 billion a month has had an enormous impact on world financial markets. It suppressed the euro dollar parity from the unbearably high levels of 2014 (1.39 on 9 March 2014) to 1.08510 last Friday, the lowest […]Can ECB’s €60 billion a month save Eurozone?
March 4, 2015 by Leave a Comment
The European Central Bank as from this March will start pumping into the Eurozone economy extra liquidity of €60 billion a month of freshly printed money. The details of this extraordinary policy measure will be revealed tomorrow Thursday by Mario Draghi the President of ECB, in his regular Press conference after the Governing Council meeting […]The West and Russia accomplished the dismembering and the economic destruction of Ukraine
March 2, 2015 by Leave a Comment
With the Minsk Agreement the West and Russia finally got what they wanted or close to that from Ukraine, not minding much about leaving the miserable country in ruins, its map ruthlessly chopped and the economy in a perfect chaos. On the one side the EU or rather Berlin and Paris plus Washington and on […]Greece at the mercy of ECB while sailing through uncharted waters
February 26, 2015 by Leave a Comment
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 entire European edifice. The ECB emerges imbued by truly pan-European motives in serving the Union project. When the […]Greece to stay in the euro area but the cost to its people remains elusive
February 23, 2015 by Leave a Comment
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 few hours – to achieve an agreement with its Eurozone partners ended up in an almost total retreat of Athens in front of its creditors. The Greek minister of […]Athens searches frantically for a new compromise between politics and economic reality
February 19, 2015 by Leave a Comment
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 populist banner to change everything in this crisis stricken nation, proposed Prokopis Pavlopoulos for President of the Republic, an old fox representing the corrupt and incompetent political system which governed […]Deep chasm still divides Athens and Brussels; can Eurozone use the nuclear arm of liquidity against Greece?
February 16, 2015 by Leave a Comment
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 uncertain if a decision will be reached. Late last Saturday the technical consultations for the Monday meeting were concluded in Brussels. The preliminary work was realized by a group comprising Greek […]Greece and Ukraine main items on EU28 menu; the course is set
February 12, 2015 by Leave a Comment
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 includes two crucial issues; the economic fate of Greece and a discussion on the outcome of a conference in Minsk, Belarus for the future of Ukraine. Yesterday afternoon both […]Europe, US and Russia haggle over Ukraine’s convulsing body; Russians and Americans press on for an all out civil war
February 9, 2015 by Leave a Comment
Germany and France are alarmed at the prospect that the Americans could turn Ukraine into an unbelievable inferno, by overtly delivering heavy armaments to Kiev. In such an event implications on Europe’s security will be vast. The French President François Hollande and the German Chancellor Angela Merkel rushed to Moscow last Friday and met the […]
