The discussion about what is needed to get the European Union out of its economic stagnation is gaining momentum in many European capitals and Brussels, probably at the exception of Berlin. The German government still believes that Europe’s growth drivers are working, if not perfectly at least adequately, and rejects all initiatives to revive the […]What does Tsipras have to offer to the rest of Europe? Is it worth an early advance of €10 billion? Berlin sturdily denies it
February 5, 2015 by Leave a Comment
The discussion about what is needed to get the European Union out of its economic stagnation is gaining momentum in many European capitals and Brussels, probably at the exception of Berlin. The German government still believes that Europe’s growth drivers are working, if not perfectly at least adequately, and rejects all initiatives to revive the […]Paris, Rome, Brussels and Frankfurt to confront Berlin over growth and the Athens enigma
February 2, 2015 by 1 Comment
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 Frankfurt to print one trillion euro two weeks ago, the ongoing arduous handling of the new Greek singularity of Alexis Tsipras by Paris and Rome may consolidate their prevalence over […]Greece: The new government of Alexis Tsipras shows its colors
January 29, 2015 by Leave a Comment
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 a 36.34% of the vote and fell short of an absolute majority by two seats in a Parliament of 300, presented on Tuesday his new awkward coalition government. He had promised […]Alexis Tsipras ready to test Eurozone’s political sturdiness; Up to what point?
January 26, 2015 by Leave a Comment
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 country, and its leader Alexis Tsipras will be the youngest Greek prime minister for more than one and a half century. The party won yesterday’s legislative election with an 8% […]ECB’s €1.14 trillion again unifies Eurozone; Germany approves sovereign debt risks to be pooled
January 23, 2015 by 2 Comments
The long-awaited move of the European Central Bank finally came yesterday afternoon. Mario Draghi announced from ECB’s Press room in the Frankfurt tower that the Eurosystem, the central banking system of the euro area, will purchase bonds issued by governments and other European institutions at a rate of around €60 billion a month. Obviously the […]‘Internal security’ or how to compromise citizens’ rights and also make huge profits
January 22, 2015 by Leave a Comment
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 security measures. Undoubtedly, such action would compromise the civil liberties of European citizens, but those governments and politicians don’t seem to mind. It seems that for them, further sneaking citizens’ […]Why Eurozone urgently needs the ECB to print and distribute at least €500 billion
January 19, 2015 by Leave a Comment
Next Thursday 22 January the European Central Bank is expected to announce its new extraordinary monetary program (quantitative easing), under which the central bank or the 19 member state national central banks will buy up to 20%-25% of Eurozone’s government debt. According to Eurostat, the government consolidated gross debt is around €9 trillion. Theoretically then […]Are ECB’s €500 billion enough to revive Eurozone? Will the banks pass it to the real economy?
January 12, 2015 by 1 Comment
The major indicators that an economy is in recession and probably heading to something worse like a crisis, are falling prices and crumbling wages. Eurozone suffers of both of them. According to Eurostat, the EU statistical service, the annual growth of labour cost dropped in the euro area to 1.3% during the third quarter of […]Can Kiev make face to mounting economic problems and social unrest?
January 5, 2015 by Leave a Comment
The time of truth for the European Union’s strategy on the Ukrainian question finally came. Brussels is about to let the poor country not only be dismembered, but what will be left of it will be pushed into an economic and political inferno. As it happens, Commission President Jean-Claude Juncker essentially ‘ordered’ Kiev to “bring […]Why and how did ISIS and Muslim fundamentalism gain momentum this year?
December 29, 2014 by Leave a Comment
The European Investment Bank chose the perfect timing at the end of the year to take stock of its support to Egypt, or probably not? On 22 December 2014 EIB published a Press release entitled “Supporting Egypt’s democratic transition: a priority for EIB totalling more than €800 m of projects financed over the last three […]Why the merchant ships can pollute the atmosphere with CO2 quite freely
December 22, 2014 by Leave a Comment
Last Wednesday the European Union Environment ministers reached an agreement… essentially to not to impose rules or duties on CO2 emissions from ships. Cunningly, the relevant Council Press release said that the 28 ministers “reached an agreement on new EU-wide rules for CO2 emissions from ships”. Until today, ocean-going shipping is the only sector of […]ECB’s trillion has to be printed and distributed fast before Armageddon comes
December 15, 2014 by 2 Comments
The latest Eurostat data on employment and industrial production for the Eurozone economy point invariably to stagnation, if not recession, while the long-term tendency of household consumption, as a percentage of GDP, appears falling. In short all the key growth indicators of the economy are quite disappointing, to say the least. The economic problems of […]The financial war touches Frankfurt and Berlin
December 8, 2014 by Leave a Comment
Early next year the world is going to watch the culmination of the battle between Mario Draghi the President of the European Central Bank in Frankfurt am Main and Wolfgang Schäuble, the powerful German Minister of Finance based in Berlin. In this affair Draghi represents the will of the advanced world financial markets, including the […]Eurostat overturns Commission’s assessment of the economy
December 1, 2014 by Leave a Comment
Last Friday 28 November Eurostat did it again. Almost simultaneously with the presentation of Commission’s “Annual Growth Survey 2015”, disingenuously entitled “A new Momentum for Jobs, Growth and Investment”, the EU statistical service published its frustrating flash estimate of November inflation rate down to a mere 0.3%. Positively this new dive of inflation closer to […]Bankers don’t go to jail because they are more equal than us all
November 24, 2014 by Leave a Comment
How come and despite the fact that bankers systematically and quite openly cheat hundreds of millions of people, usurping trillions from them, and the only ones of that trade that have been locked up in a penitentiary are the bosses of the three Icelandic banks Glitnir, Kaupthing and Landsbanki, which went bankrupt in 2008? All […]The West definitively cuts Russia off from the developed world
November 17, 2014 by 1 Comment
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 leaders including Barack Obama, Angela Merkel and David Cameron threatened Russia with more sanctions, meant to completely cut her off from western markets and besiege her economy, if Moscow doesn’t stop […]The banks first to benefit from the new euro trillion ECB plans to print
November 10, 2014 by Leave a Comment
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 pump more freshly printed money into the struggling Eurozone economy. Nevertheless, the European Sting very early in the morning of Thursday 6 November, before the meeting of the Council, […]Last-chance Commission: Why Juncker promised investments of €300 billion?
November 3, 2014 by Leave a Comment
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 and he has a deep understanding of that. Juncker, as a President of Eurogroup had to face consecutive crises with Greece, Ireland, Portugal, Spain and Italy. What followed the financial meltdown is […]Brussels wins game and match in Ukraine no matter the electoral results
October 27, 2014 by Leave a Comment
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 not expected to change anything to the better for the war-torn country. Kiev held this election in the loyal regions and the pro-Russian rebels in Luhansk and Donetsk are to hold theirs […]Russia accepts what the EU has to offer and settles to negotiate with Ukraine
October 20, 2014 by Leave a Comment
This time the Europeans did it without the Americans in Ukraine. They managed to convince Russia to guarantee unobstructed natural gas supplies for the war-torn country and the EU for ‘at least’ during this winter. They did it last Friday in Milan, northern Italy, during the EU-Asia leaders meeting. The German Chancellor Angela Merkel took […]How close is the new financial Armageddon? IMF gives some hints
October 13, 2014 by 1 Comment
Six years after the Western financial system collapsed under its immeasurable greed for easy money expressed as an insatiable thirst for risk, the American and European banks and governments are 30% deeper in debt. Few of them can duly repay without major problems of the most dangerous political kind. It is even more alarming that […]ECB reaches the boundaries of its mandate to revive the entirety of Eurozone
October 6, 2014 by Leave a Comment
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 for part of it. The announcement last week of the details of the new asset-backed securities purchases and covered bond acquisitions programmes, which include Greece and Cyprus under conditions, proves […]EU cracks under the weight of its policy on the Ukraine-Russia nub
September 29, 2014 by Leave a Comment
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 Continent. On Friday 26 September Hungary decided to cut off its secondary supplies of Russian natural gas to Ukraine. Last June, after Moscow cut its direct deliveries of gas to […]There is a way for Eurozone to reach a sustainable growth path
September 22, 2014 by Leave a Comment
Slowly but surely Euro area inflation rate heads for the zero zone, making decision makers nervous and everybody else, especially the unemployed young even more pessimistic and passive about their present situation and the future prospects. And all that is happening in this part of the globe where only a few years ago the Europeans […]Scotland in United Kingdom: It’s either the end or the beginning of the end
September 15, 2014 by Leave a Comment
Whatever the outcome of this Thursday’s vote, Scotland is to leave the UK now or in the not so distant future. If it was not for the international intervention, including London’s financial and political sharks’ unprincipled meddling, the Scots would have voted for independence with overwhelming majority. During those last decisive days of the referendum […]European Council: Choosing new leaders for the EU betrays efforts for a wider arrangement
September 1, 2014 by Leave a Comment
The special meeting of the European Council held last Saturday 30 August, despite or probably because of the alarming news about the new fall of inflation to the crisis level of 0.3% last month, was almost totally devoted to the Ukrainian crisis. Unfortunately, the new inflation coming close to zero means that the millions of […]Eurozone: GDP development heads to naught; the expensive euro serves only Germany
August 17, 2014 by Leave a Comment
A new Eurostat wave of data statistically confirmed that Eurozone is utterly moored in economic stagnation, with disturbing signs that this might even turn to recession. Most significantly, last week the EU statistical service issued an estimate that the euro area GDP idled with a zero growth rate during the second quarter. The same source […]Industrial price dive may lead to point of no return
August 6, 2014 by Leave a Comment
Last Monday, Eurostat, the EU statistical service issued data on June industrial price developments (0.1% month to month), actually showing stagnation in relation to May. It is more alarming to observe though that all along the first five months of 2014, from January to May on a month to month basis, industrial prices had been […]What next after more sanctions against Russia, will the Ukrainian civil war end?
July 28, 2014 by Leave a Comment
Even if the Kiev government accomplishes the conquest of eastern Ukraine by the force of arms, the West in general, cannot be sure of a viable solution in the long-term. It is impossible to pacify this region, without some form of autonomy. The obvious reason is the great numbers of the Russian speakers, the majority […]The MH17 tragedy to put a tombstone on Ukrainian civil war
July 21, 2014 by Leave a Comment
The anthropoid beast that pressed the button to release the missile which brought down the MH17 Malaysian Airlines flight, killing all the 298 people aboard must be held responsible before humanity. Probably though, it will never be clarified for sure who was behind this hideous crime. The search for the culpable party may start from […]The Peoples are missing from EU’s monetary union
July 14, 2014 by Leave a Comment
The disenchantment of the 28 European Peoples with their Union stems from the special care the EU institutions clearly show for the financial sector aka the banks and not for the unemployed. To put it differently so as the Brussels bureaucrats and the decision makers in Berlin and Paris can understand; the European Economic and […]The Ukrainian crisis to destabilize Europe and the world for a long time
July 7, 2014 by 1 Comment
The Kiev government and the Ukrainian President Petro Poroshenko may be celebrating their military victory in ‘recapturing’ the rebel town of Sloviansk, but they don’t seem to mind much about the future. For one thing the pro-Russian rebels have not been defeated, at least not yet; they withdrew from the northern parts of the Donetsk […]This afternoon Britain will be once more isolated from mainland Europe
June 26, 2014 by Leave a Comment
This morning the European Council will carry out an unprecedented procedure. The 28 EU leaders are supposed to nominate Jean-Claude Juncker as candidate for European Commission President by qualified majority, in a vote that has never taken place before. Then, Juncker, or an unlikely other candidate has to be also approved by the MEPs. Up to […]
