It’s an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]After globalization what? Europe’s long, straining shake-up post Davos wreckage
January 28, 2019 by Leave a Comment
It’s an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]Brexit: Only Corbyn and May in concert can make the needed compromises
January 21, 2019 by Leave a Comment
A small group of British Tory MPs numbering around 120 representatives are decisively planning to send Britain to the cliff in a no-deal Brexit. Before last Xmas, they triggered an intraparty procedure to oust Prime Minister Theresa May from the party Presidency and consequently drive her out from 10 Downing Street. They were in minority […]UK Labour Party leader Corbyn readies to change Brexit political backdrop
January 14, 2019 by Leave a Comment
Tomorrow, Tuesday, the British Parliament, the Commons, is to vote on Prime Minister Theresa May’s proposal, for a kind of soft Brexit withdrawal agreement. As everybody agrees, it’s most likely this PM’s plan will be rejected by the majority of the parliamentarians, as they have also voted down her other proposals during the past critical […]Trade war or not New York bankers will have it their way
January 7, 2019 by 1 Comment
The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]Brexit: Is there anybody supporting a non-violent separation?
January 3, 2019 by Leave a Comment
Like Christopher Clark’s ‘Sleepwalkers’, Britain alone on the one side and the European Union led by Germany and France on the other are walking apart, without a deal to jointly settle their future relations. One and a half years have elapsed since the 23 June 2016 referendum, with endless talks and self-complacency. Still, neither side […]2019: An unpredictable, confrontational and financially ominous year
December 27, 2018 by Leave a Comment
The global outlook for 2019 was already looking unpredictable and dangerously confrontational, but the firing of US Defense Secretary, the moderate retired general Jim Mattis makes it exponentially more so. During the past few months ‘America first’ President Donald Trump has dismissed all the top three reasonable American policy makers. First it was the State Department […]Britain in chaos: May stays as Tory leader and PM but none can defuse the Brexit time bomb
December 13, 2018 by Leave a Comment
Yesterday night the embattled British Prime Minister and President of the Conservative Party, Theresa May, won an intraparty no confidence vote. This was a Tory party internal procedure, triggered by members of her own parliamentary group. In the final result 200 Conservative MPs voted for May and 117 against her. In this way, she secures […]The ‘yellow vests’ undermined Macron in France and the EU
December 10, 2018 by Leave a Comment
Paris was a blockaded city this weekend. The government was forced to close down all the main tourist sites in the French capital. The Eiffel Tower, the Opera of Paris, the Louvre museum and tens of other sites which may attract the fury of the ‘yellow vest’ movement are closed and heavily guarded. Galerie Lafayette […]The China-US trade deal will be signed on time; the path is set
December 6, 2018 by Leave a Comment
The China-US trade truce agreed upon by the US President Donald Trump and his Chinese counterpart Xi Jinping has just prolonged the uncertainties haunting all and every world market. Stock exchanges on Monday went up and then on Tuesday fell on the news. The respite was struck last Saturday between the two leaders, in the […]Ukraine’s Poroshenko implicates NATO in his duel with Putin
December 3, 2018 by Leave a Comment
Ukraine, once the breadbasket of central Europe and now the miserable wartorn offspring of the breakup of the ex USSR, keeps confirming her reputation for being a deeply divided country and society. The current governing oligarchy under President Petro Poroshenko supported by the West, having succeeded under obscure conditions the Moscow controlled administration of Viktor […]The German automotive industry under the Trump spell
November 26, 2018 by Leave a Comment
Last week, the White House invited, or better summoned, the leaders of the German automotive industry to Washington D.C., in order to confer on the ‘problem’ of the missive imports of German cars in the US. The American President Donald Trump, in his belligerent line aggressively reshaping the American foreign trade policy with China and […]France, Germany challenge Trump’s America on Iran and the reign of the dollar
November 22, 2018 by Leave a Comment
Last week, the French President Emmanuel Macron and the German Chancellor Angela Merkel challenged the US President Trump by deciding to create a real European army. This week, the two European leaders said they are seriously working on the project to build a financial/trade-clearing mechanism, meant to override the American sanctions against Iran. In both […]Britain’s May won the first round on the Brexit agreement with the EU
November 15, 2018 by Leave a Comment
Last Tuesday, the British Prime Minister Theresa May, said she has struck a Brexit agreement on the future relationship with the European Union. In reality though this is a withdrawal agreement, not a full trade or otherwise deal for the future relations between the two sides. Yesterday she won the backing of her deeply divided […]British PM May’s Brexit proposal remains obscure while her government unravels
November 12, 2018 by Leave a Comment
Only days before, Theresa May, the British Prime Minister is expected to table her proposal for a Brexit deal in the Commons, the British Parliament, and her government appears unraveling. Her transport Minister Joe Johnson resigned last week, having revived the discussion about a second referendum. He was strongly pro-remain in the June 2016 Brexit […]EU-US ties to break over Iran; Democrats’ electoral win may not change it
November 8, 2018 by Leave a Comment
After last Tuesday’s midterm elections in the United States, the Republicans of President Donald Trump lost the House of Representatives to the Democratic Party. The vote was turned out into a referendum for the Trump administration, and the GOP lost the full control of the two chamber Congress. From now on, the White House will […]Erdogan vies to become Middle East Sultan over Khashoggi’s killing
November 5, 2018 by Leave a Comment
It’s plain by now that the Turkish ‘Sultan’, President Tayyip Erdogan vies to directly implicate Saudi Crown Prince, Mohammed bin Salman bin Abdulaziz Al Saud or MbS, the actual ruler of his country in the murder of Jamal Khashoggi. The victim was for decades a very high placed systemic journalist in Riyadh, loyally serving the […]German egotistic inward turn to badly hurt Europe after Merkel’s exit
November 1, 2018 by Leave a Comment
Angela Merkel’s era in Germany definitely comes to an end. It coincides, not necessarily in a causal manner, with the extreme right and xenophobic rising tendencies in the country’s political and social structures. These developments will put not only Germany to a political limbo but they will also freeze the progress of the European Union […]The Europeans back Russia-Turkey on Syria: A ‘Waterloo’ for Saudis and their Crown Prince
October 29, 2018 by Leave a Comment
France and Germany have put their weight behind the Russia–Turkey agreement for a lasting ceasefire in Syria. The four leaders also said they agreed to put together a committee to draft a constitution for the political rehabilitation of the devastated country. Last Saturday, the French President Emmanuel Macron, German Chancellor Angela Merkel and the Russian […]The Khashoggi affair: A global complot staged behind closed doors
October 25, 2018 by Leave a Comment
For two weeks now practically all Western governments and media are at rooftops for the barbaric murder of Jamal Khashoggi, who was killed inside the Saudi Arabia’s Consulate in Istanbul. Very few people outside the oil Kingdom and the circles of Middle East ‘experts’ knew about the man, before he was massacred by his compatriots. […]EU tells Britain stay in as long as you wish
October 22, 2018 by Leave a Comment
This newspaper has repeatedly asserted there will be no real Brexit, at least in the foreseeable future. Last week, the European Council in Brussels confirmed this. The President of the Council, Donald Tusk, made it clear. He plainly said Britain can remain as a full EU member after the Brexit day of 29 March 2019, […]US-China trade war: Washington now wants control of the renminbi-yuan
October 18, 2018 by Leave a Comment
The US- China trade war is now taking new dimensions, touching the very financial heart of the most populous country on earth. The Washington administration has already more or less ordered Beijing to perform unbelievable structural changes of American liking in the economy. Now they say monetary issues have to be inserted in the trade […]EU-UK: A deal synonymous to ‘remain’, England pays the Irish price
October 15, 2018 by Leave a Comment
On 24 August 2017 the European Sting’s leading article ventured that, “Brexit may finally not really happen; The Brits have second thoughts”. This prediction was based on the basics of a proposal which Theresa May had aired on Thursday 17 August of last year. On this information, the European Sting then reported that between Britain […]Populist Eurosceptics helped by Trumpists seriously threaten the EU edifice
October 11, 2018 by Leave a Comment
The confrontation between the populist Italian government and the European Union’s leadership has already left a clear trail on the European ground that permits us to project the itinerary of this conflict in the future. The Italian government is an unorthodox coalition of the extreme right wing party Lega, under its rebellious leader Matteo Salvini […]Window for a Brexit deal: Brussels to think again May’s proposal
October 8, 2018 by Leave a Comment
This is the first time the British Prime Minister Theresa May can tell mainland Europeans, she can guarantee her Tory conservative Party won’t topple her over her Brexit proposal. The reason is that, last week, she marked a triumph at the annual conference of the governing Party at Birmingham. Obviously, the burning subject of the […]The new North America trade deal USMCA punishes German cars
October 4, 2018 by Leave a Comment
The North America Free Trade Agreement (NAFTA) is dead. Long live the new United States, Mexico, Canada Agreement (USMCA). The three North American nations will continue trading goods of a value of at least $ 1.2 trillion yearly between them. The US President Donald Trump had termed NAFTA as the worse trade deal his country […]Security spillovers from Trump’s trade wars: China, Germany prepare for global disorder
October 1, 2018 by Leave a Comment
US President Donald Trump’s aggressive trade strategy has now gone past the economic landscape and touched security issues. There are strong signs that next month’s security meeting between US and China may be cancelled. If this is the case, the two largest economies of the earth may enter uncharted waters. Until now, they have been […]Parallel downfalls of Merkel and Deutsche Bank threaten Germany and Europe
September 27, 2018 by Leave a Comment
Only a few years ago, Germany’s stars of pride and accomplishment were personified and embodied in the unparalleled triumphant stories and achievements of Chancellor Angela Merkel and Deutsche Bank. They both had amazed Europe and the world, with their successes in the politico-economic universe. Until the legislative elections of September 2017, and probably sometime earlier […]Impossible Brexit options: WTO or new referendum?
September 24, 2018 by Leave a Comment
In western Austria’s ‘saltcastle’ – Saltzburg – the baroque native city of Mozart, the last EU Summit which took place there left a very bitter Brexit taste. The city’s confectioners’ efforts of supplying an unlimited variety of chocolates, baring the face of the celebrated composer, were to no avail. The British Prime Minister, Theresa May, […]Who can unlock the stalled Brexit negotiations? UK Premier sticks to her proposal
September 20, 2018 by Leave a Comment
The Brexit cataclysm comes to its apex. On the one side is Prime Minister Theresa May, and on the other around 50 unrepentant Brexiteer Tory MPs. The sides are about to cross swords within and without Parliament. Reportedly, May could pass her own – not so mild but negotiable in Brussels – version of Brexit […]Draghi to lay his print on long term ECB policies prior to exiting next year
September 17, 2018 by Leave a Comment
Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECB’s Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]Trump aims trade offensive solely to China, renews truce with EU
September 13, 2018 by Leave a Comment
US President Donald Trump’s thundering trade salvos now seem to be concentrating exclusively against China. This week’s cannonade though didn’t remain unanswered. On Monday, the Chinese Foreign Ministry spokesman, Geng Shuang, said “China will inevitably take countermeasures to resolutely protect our legitimate rights”. On Friday 7 September, the ‘America first’ ex TV celebrity aboard ‘Air […]The Brexit factor in the US-China trade war and other conflicts
September 10, 2018 by Leave a Comment
Last Friday, the American President Donald Trump aboard Air Force One threatened China with new tariffs on $267 billion of goods heading for the US markets, on top of the $200bn worth of Chinese exports Washington currently is ready to punish with extra levies. The US has already imposed extra tariffs on $50bn of Chinese […]Trump rejects Europe’s offer for zero car tariffs; he had personally tabled that idea in July
September 3, 2018 by Leave a Comment
The US-Mexico trade agreement, with or without Canada on board, targets Europe aggressively. For one thing, it will make life difficult for the German car companies which produce in Mexican assembly lines and sell in the US. Last Thursday, the European Sting reported the hidden sides of the US-Mexico trade deal in an article entitled, […]
