The new North America trade deal USMCA punishes German cars

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 […]

Cryptocurrency mining could become the new face of energy storage. Here’s how

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Enass Abo-Hamed, CEO, H2GO Power & Daniel Evans, Co-founder, Gibraltar Stock Exchane If we want to prepare for the future, we must acquire a stake in the new and crucial area of technology called blockchain. Amongst other applications, […]

Is there a new debt crisis on the horizon?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Zhu Ning The US Federal Reserve governor, Jerome Powell, stated in the recent Jackson Hole meetings of global central bankers that the US economy is doing well at present and confirmed the continuation of interest-rate hikes in […]

Shifting Tides: Policy Challenges and Opportunities for the G-20

This article was written by Ms Christine Lagarde, Managing Director of the International Monetary Fund. The opinions expressed belong to the distinguished writer. The article was first published in IMF blog. The artist Claude Monet once said, “I worked without stopping, for the tide at this moment is just as I need it.” As the Group […]

CETA at risk again: Italy says it won’t ratify EU-Canada trade deal over product protection fears

Parmesan cheese on shelves in Italy (Copyright: European Union, 2014 / Source: EC - Audiovisual Service / Photo: Daniela Giusti)

The Comprehensive Economic and Trade Agreement, simply known as CETA, may be under threat again. The shocking news came out last Friday, when Italian Deputy Prime Minister Luigi Di Maio said Italy will not ratify the European Union’s free trade agreement with Canada, which mostly took effect last year. The EU-Canada FTA, which is EU’s […]

Draghi to hold on zero interest rates until he leaves ECB

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 […]

Germany takes cover from Trump in Eurozone and decides to pay for it

Nobody in Germany doubts it any more that Donald Trump’s America is not a friendly country and market any more, or a guarantor of European security, as was the case for the last 70 years after WWII. To ward off any confusion about that, the German ambassador to the US made a clear statement. Peter […]

US-EU trade war: Berlin fearful of the second round

Finally, Trump did it. He declared war against his country’s closest and more loyal allies Canada, the European Union and Mexico. In the case of the EU though, things may be more complicated than the super tariffs on steel and aluminum products of 25% and 10% respectively, imposed as from 1 June by the US […]

Banks must take bold action to fight climate change. This is how they can do it

This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Sonia Hierzig, Project Manager – Banking, ShareAction Banks are exposed to a number of climate-related risks through the diverse range of sectors they finance. Across the world, they continue to fund high-carbon industries, thus enabling a range of […]

Europe split in confronting the US sanctions on Iran, Washington isolated

Donald Trump, the ‘America First’ President in withdrawing from the Iranian nuclear non-proliferation deal, doesn’t seem to be honoring his lead electoral motto. It seems that he is serving more the interests of Saudi Arabia and to a lesser extent of Israel. Riyadh has much at stake in its inimical interaction with Iran. Israel on […]

What cryptocurrencies will do to the integrity of politics

This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Catalina Uribe Burcher, Senior Programme Officer, International IDEA Cryptocurrencies are one step closer to becoming a regular trading commodity. Recently, Coinbase (one of the largest platforms to trade digital currencies) launched the ‘Dow’ of cryptocurrencies, an index fund […]

“A sustainable economy, low-carbon, resource-efficient, resilient and more competitive on the global stage”, EU Commissioner Vella in a Sting Exclusive

EU Commissioner Vella’s exclusive opinion editorial is published in response to the United Nations Under-Secretary-General Erik Solheim’s cutting-edge article on renewable energy investment and sustainable finance exclusively published at The Sting on 13 April 2018. The opinions expressed in this Sting Exclusive belong to the EU Commissioner. Environmental risks to the economy cannot be ignored. The […]

“The markets have moved on renewables, policy makers must keep up”, A Sting Exclusive by Erik Solheim, Head of UN Environment

This article was exclusively written for The European Sting by Mr. Erik Solheim, Executive Director of the United Nations Environment. The opinions expressed in this article belong to the distinguished writer. Just in case there was ever any doubt, it’s now crystal clear that clean, renewable energy is the future. The latest data shows a […]

Is the advent of nationalism to destroy economic neo-liberalism?

All major stock exchanges suffered severe losses on the first day of this week not because Tesla and facebook stocks are falling, or even because the Chinese announced on Sunday night their retaliative import tariffs of 15% to 25% on 128 US products; all that was known and probably discounted for during the past few […]

Mainland Europe adopts Germanic cartel business patterns

As in VW’s diesel engines emissions scandal, in the case of Estonia’s half banking system working as mafia’s financiers, it was the Americans to unveil the wrongdoings. Is it by chance or the Europeans are looking the other way, when it comes to their own dirty laundry? Those calculated frame ups are not only meant […]

Trump’s trade wars: Aiming at long term gains for America

Last Friday, President Donald Trump again surprised  the world by imposing new import tariffs on Chinese products of a value of $60 billion and deferring the imposition of import super levies on European Union steel and aluminum for 1st May. In the latter case he also postponed the new tariffs for another six exporting countries […]

Trump’s trade war splits the EU; Germany upset with Juncker’s “we can be stupid too”

The US-EU trade war starts on 23 March, with the first shot fired by Washington at 12:01 a.m. (04.01 GMT). From what we know so far, from that minute onward the American customs authorities will impose extra tariffs on steel and aluminum imports, set by President Trump at 25% and 10% respectively. However, it seems […]

Trump systematically upsets global order and trade: Where does this end?

The extra import tariffs Donald Trump, the ‘America first’ President, the US is to impose on steel (25%) and aluminum (10%) imports have provoked a tsunami of reactions and widespread consequences without and even within the country. The European Commission President reacted swiftly and stated the EU is to retaliate with tariffs of an equal […]

Disintegrating Tories will void May’s pledge for Brexit deal in seven weeks

Last Friday, Theresa May, the British Prime Minister, said from China, where she was on official visit, that in seven weeks she will have a Brexit transition deal with the EU. Surely, nobody believes her. The reason is that her Tory governing party is so deeply split over the Brexit terms, up to the point […]

Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth

Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]

Do the giant banks ‘tell’ Britain to choose a good soft Brexit and ‘remain’ or else…?

It may be true that the world is tired watching Britain being completely confused about choosing the way to exit from the European Union. Yet, the almost schizo division plaguing the Brits and their political elites alike still paralyzes to this date the divorce negotiations. Countries to be most affected by Brexit like Holland are […]

Banks, insurance giants are free again to abuse the real economy

Not many years after the financial meltdown of 2008-2010, the main culpable parties for that global catastrophe, the big banks and the gigantic insurance companies are now commandingly asking the world to forget that. They demand to be again left completely unchecked, free to repeat what they did then; inflate all and every market to […]

The 27 EU leaders did nothing to help May unlock the Brexit talks

President Abraham Lincoln has said “when someone says it’s a matter of principles not money, then it’s a matter of money”. This famous saying was flagrantly confirmed last week in Brussels, when the 27 EU leaders – with Angela Merkel and Emmanuel Macron prominent amongst them – made it clear to Theresa May she has […]

Brexit: The Conservative Party drives the UK and Europe to a perilous road

The Tories, the governing party of Britain is falling apart, being deeply divided about the kind of Brexit their country should pursue. It’s not the disastrous political circumstances of Prime Minister Theresa May that blocks the negotiations with the European Union, but the chaos dividing the hard Brexiteers from their colleagues preferring a smooth partition […]

Is euro to repeat its past highs with the dollar?

The strengthening of the euro vis-à-vis the US dollar is taking alarming proportions, puzzling markets and the European Central Bank. The Eurozone single currency has gained 14% from the beginning of the year, with the tempo of appreciation accelerating. It gained around 10% during the summer. For around three years, the ECB has been following […]

Yellen and Draghi tell Trump and markets not to expedite the next crisis

The disappointment of financial markets with the lack of hints about monetary policy from the Jackson Hole gathering of central bankers is understandable. Both Janet Yellen, US Federal Reserve System Chair and Mario Draghi, the European Central Bank President while keeping their policy guidelines unchanged, choose to forcibly attack the demands of bankers – supported […]

Berlin vies for a Germanic European Central Bank

Last week, the deep German state struck again targeting the heart of Eurozone. The hit was effectuated by Sabine Lautenschläger, a middle aged Stuttgart born ex BaFin (Federal Financial Supervisory Authority) employee and presently member of the powerful executive board of the European Central Bank. Sabine now wants the ECB to abandon its extraordinary monetary […]

EU unveils plan to accelerate Capital Markets Union ahead of London’s departure from the bloc

Skyline of the City of London, Europe’s largest financial centre. (Source: EC – Audiovisual Service / Photo: Jack Taylor) Last week the European Commission unveiled it is taking further steps to develop the Capital Markets Union, a plan to support growth and investment in the Old Continent. The project, which aims at creating a single […]

The ECB again takes care of the bankers not the people

Last week the European Central Bank surprised everybody by letting it be known that interest rates will “remain at present or lower levels for an extended period of time, and well past the horizon of our net asset purchases”. To be noted, presently, the main refinancing operations interest rate is zero. Of course, the markets […]

The London City-EU connection holds despite of Brexit and the ban of LSE-Deutsche Börse merger

European Commission’s decision to ban the Deutsche Börse – London Stock Exchange merger, on the one hand solved a long list of problems it could have triggered, in view of and after the Brexit. On the other hand though, this decision has created probably as many issues, because London is the long established low cost […]