This article is brought to you in association with the European Commission. The European Commission has today raised €9 billion of EU-Bonds in its 7th syndicated transaction for 2024. The dual-tranche transaction concerned a new €5 billion bond due on 5 October 2029, and a €4 billion tap of the EU-Bond maturing on 5 October 2054. […]European Commission issues €9 billion in its 7th syndicated transaction of 2024
July 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €9 billion of EU-Bonds in its 7th syndicated transaction for 2024. The dual-tranche transaction concerned a new €5 billion bond due on 5 October 2029, and a €4 billion tap of the EU-Bond maturing on 5 October 2054. […]Bad debts remain stable in emerging Europe despite macro-financial pressure
July 5, 2024 by Leave a Comment
This article is brought to you in association with EBRD. Bad debts remain stable in the European Bank for Reconstruction and Development’s (EBRD) European markets, despite external pressure from macroeconomic uncertainty and geopolitical tensions over the past year, according to the new edition of the NPL Monitor, published today. The latest data suggest that the non-performing loan (NPL) […]Austria: voestalpine to receive €300 million EIB loan for research and development of green steel production
July 1, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is providing a loan of €300 million to voestalpine AG, Europe’s third largest steelmaker. The financing will be used for the company’s research and development (R&D) programme over a period of four years, with the goal to optimise manufacturing processes, increase […]Convergence Report reviews Member States’ progress towards joining the euro area
June 27, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission has published the 2024 Convergence Report in which it provides its assessment of the progress non-euro area Member States have made towards adopting the euro. The report covers the six non-euro area Member States that are legally committed to adopting […]The European Commission to issue €65 billion in long-term EU-Bonds in the second half of 2024
June 26, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission announced yesterday its intention to issue up to €65 billion of EU-Bonds in the second half of 2024 (H2). The plan for H2 2024 builds on the strong start in the first half of 2024, when close to €75 billion worth […]EIB bolsters EU defence with support for Danish seaport expansion
June 25, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending €115 million to expand the Danish Port of Esbjerg in a way that will serve military vessels, enhancing European defence. The investment loan will also bolster Europe’s position in the renewable energy market because Esbjerg, located in western Denmark […]Spain: EIB signs €100 million loan with Government of Catalonia to renovate and build public education facilities
June 25, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) signed a €100 million loan with the Government of Catalonia in Spain for the renovation and expansion of existing public education facilities and the construction of new schools. The investment will have an impact on all levels of Catalan public education below […]Global foreign investment declines for second year as geopolitical tensions rise, UN trade body reports
June 21, 2024 by Leave a Comment
This article is published in association with United Nations. Foreign direct investment (FDI) fell by two per cent to $1.3 trillion in 2023 amid global economic slowdown and rising geopolitical tensions, according to a report released on Thursday by the UN trade and development body, UNCTAD. The 2024 World Investment Report highlighted that insufficient funding is hindering […]European Semester Spring Package provides policy guidance to enhance the EU’s competitiveness and resilience, and maintain sound public finances
June 19, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission is today providing policy guidance to Member States under the 2024 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness, resilience and long-term prosperity for all, while maintaining sound public finances, in the face of a challenging […]EU Budget 2025 aims to reinforce funding for Europe’s priorities
June 19, 2024 by 1 Comment
This article is brought to you in association with the European Commission. The Commission has today proposed an annual EU budget of €199.7 billion for 2025. The budget will be complemented by an estimated €72 billion of disbursements under NextGenerationEU. This substantial financial envelope will support the EU in meeting its political priorities while integrating the […]German economic growth at zero and other economic news to read this week
September 4, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. German economy posts zero growth in second quarter German gross domestic product (GDP) remained level between the first and second quarters of 2023, according to new data released last week. Year-on-year, the […]Eurozone inflation slows and other economics stories to read this week
August 29, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: Eurozone inflation slows; Australian releases 40-year economic forecast; Warning over extreme poverty in developing Asia. 1. Eurozone inflation slows further The latest data from Eurostat has […]Eurozone returns to growth and other economics stories to read this week
August 7, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. Eurozone returns to growth, inflation cools The Eurozone returned positive growth figures in the second quarter, with a higher-than-expected expansion in gross domestic product. GDP grew 0.3% – a Reuters poll of […]EU unveils plans for digital euro, promising complete privacy
August 2, 2023 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda Move over crypto. Europe has moved one step closer to a digital euro. The European Commission has unveiled a legal framework that paves the way for the introduction of an electronic currency […]Has Eurozone inflation peaked? Plus other economy stories you need to read this week
December 2, 2022 by Leave a Comment
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 […]Autumn 2022 Economic Forecast: The EU economy at a turning point
November 11, 2022 by Leave a Comment
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 […]Inflation in Europe: Could your morning coffee become a ‘luxury’?
November 8, 2022 by Leave a Comment
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 […]Inflation, employment, growth: The Eurozone’s economic outlook in 3 charts
August 11, 2022 by Leave a Comment
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 cost […]What is inflation, and should we worry? An economist explains
February 18, 2022 by 1 Comment
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 inflation […]The new crisis is already creeping into the financial system
August 29, 2019 by 1 Comment
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 […]Why a global recession isn’t inevitable
August 23, 2019 by Leave a Comment
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 […]Draghi’s negative interest rates help Eurozone’s cohesion
June 10, 2019 by 1 Comment
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 […]European elections: A chance to repel both nationalism and no-deal Brexit
May 23, 2019 by Leave a Comment
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. […]EU elections 2019: Rise of nationalist trends and populism in Europe challenges the EU edifice
May 8, 2019 by Leave a Comment
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 […]The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised
May 2, 2019 by 1 Comment
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 […]The financial world upside-down: debt failure closer
March 28, 2019 by Leave a Comment
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 […]Europe is no longer an innovation leader. Here’s how it can get ahead
March 18, 2019 by 3 Comments
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 might as well go down the drain if foreign meddling corrupts May’s elections
March 13, 2019 by Leave a Comment
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 […]Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash
March 11, 2019 by Leave a Comment
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 […]Fed and ECB prepare a new party for the financial sharks
February 21, 2019 by Leave a Comment
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 […]A backbencher Tory MP threatens both EU and UK with a no-deal Brexit
February 18, 2019 by Leave a Comment
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. […]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 […]What next for Europe? Three (completely) different Davos views
January 25, 2019 by Leave a Comment
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 […]
