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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Has Eurozone inflation peaked? Eurozone inflation eased far more than expected in November, raising hopes that surging price growth is past its peak. But the European Central Bank’s (ECB) top names […]
This article is brought to you in association with the European Commission. After a strong first half of the year, the EU economy has now entered a much more challenging phase. The shocks unleashed by Russia’s war of aggression against Ukraine are denting global demand and reinforcing global inflationary pressures. The EU is among the most […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Inflation is putting pressure on household budgets across the world. But how can you tell what the headline rate of price increases will mean for you? Headline inflation across the 19 countries […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content Global economic growth will slow to 3.2% this year from 6.1% in 2021, the IMF predicts. Europe’s economy is being particularly impacted by the war in Ukraine – because of the rising […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Robin Pomeroy, Digital Editor, World Economic Forum Inflation was low for decades in much of the developed world before COVID. A surge in demand, some problems of supply and soaring energy costs have caused a big jump in […]
Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Beñat Bilbao-Osorio, Senior Economist, European Commission’s Directorate-General for Research and Innovation The end of this week will showcase two important events for global economic governance. First, central bankers, leading academics and representatives of international organizations from around the world […]
Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]
The results of the coming European Parliament elections of 23-26 May will have an unusually strong and long term impact on the wider political developments of the entire Old continent. There are two good reasons for that. The Europeans, including the Brits, will vote to definitely or not repel nationalism and a devastating no-deal Brexit. […]
The European elections are going to be held in just two weeks’ time and far-right propaganda is gaining momentum creating concerns to everyone regarding the future of the EU, which is at stake. Populism and nationalism have dramatically risen in the EU during the last years menacing democratic institutions within a number of European member […]
One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]
A round $10 trillion worth of bonds are currently being traded in world markets on negative interest rates. At the same time, the European Central Bank prepares to flood the Eurozone and the banking world with hundreds of billions of zero interest rate euros, in an abrupt change of monetary policy course from restrictive to […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Iliyana Tsanova, Deputy managing director, European Fund for Strategic Investments & Roger Havenith, Deputy chief executive, European Investment Fund When it comes to technological innovation, Europe is now lagging behind not only the US and Japan, but also China. […]
The EU elections will take place in about two months’ time but anti-European together with foreign parties are most likely going to try to exert influence on the upcoming outcome. Anti-establishment parties are expected to change the current balance and status quo if the two mainstream parties, the conservative EPP (European People’s Party) and the […]
Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the €2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]
At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers decided there cannot be turning back to normality, interest rates and debt wise. They say the thing must not be stopped from […]
Last Thursday’s latest vote in the British Parliament, the Commons, revealed the real forces operating in relation to the country’s Gordian Knot, Brexit. Conservative Prime Minister Theresa May’s newest proposal for a kind of a soft Brexit deal, under the name of ‘Plan B’ was rejected last Thursday in Parliament by 303 to 258 votes. […]
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 […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Briony Harris, Formative Content Three political leaders have taken centre stage at the Congress Hall on the third day of the World Economic Forum’s Annual Meeting in Davos. Each of them outlined their vision for the future of the […]
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 […]
“This is the EU & the world in 2018 as we stung it and you read the most”, The Sting’s Team addresses its fondest 2019 wishes to our most powerful reader, You. January Trump reshapes the Middle East at the expense of Europe Will the end of QE come along with ECB’s inflation target? Hungary and Ireland […]
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 […]
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 Italian government concluded its revised budget a few hours ago and as expected the Italian budget plan remained the same with small amendments, such as plans to sell off some government real estate, but still is not respecting the EU fiscal rules. The latter is most likely not going to be left unanswered by the […]
The Italian budget plan has recently created turbulences and serious concerns in the EU economy as the third largest economy of the bloc cuts growth forecasts and increases spending. The European Commission together with the International Monetary Fund (IMF) have urged the Italian government to restate its budget and comply with the EU fiscal rules […]
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 […]
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 […]
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. […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Johnny Wood The global financial crisis that began in 2008 shook the world’s economies, but the long-term impact hit some countries harder than others. First, though, the good news: the Organization for Economic Cooperation and Development’s (OECD) […]
The announcement of the end of the monthly money injections into Eurozone by Mario Draghi, the President of the European Central Bank was not received in the capital markets as a hawkish toughening of monetary policy, as it theoretically should have been. The reasons are many. On the contrary, the euro lost more ground with […]
Finally, Germany blinked. Chancellor Angela Merkel at last decided to clearly respond and, up to a certain degree, uphold French President Emmanuel Macron’s ideas, about reforming the Eurozone, in order not only to save it from unraveling, but, if possibe, to make it more cohesive and stronger. In an interview to last Sunday’s issue of […]
This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Kalin Anev Janse, Secretary General, European Stability Mechanism (ESM) Ten years after the financial crisis, what is the most important news for me, coming from the other side of the channel? It is that Europe is booming – […]
Mario Draghi the President of ECB, speaking at the European University Institute in Florence, on 11 May 2018, must have been under the influence of the idealistic aura of this Florentine learning institution. He went as far as proposing political policies, bravely overstepping his role as central banker of Eurozone. Draghi asked for an effective […]
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