Who is to pay the dearest price in a global slowdown?

European Parliament. Workshop on granting Market Economy status for China after 2016. Discussion between Bernard O'Connor, Professor at Bocconi University, Jean-François Bellis, Professor at the Institute of European Studies of the University of Brussels, Lucien Cernat, Chief Trade Economist of the European Commission, Robert Scott, Director of Trade and Manufacturing Policy Research at the EPI Institute and author of the Study " Unilateral grant of market economy status to China would put millions of EU jobs at risk", Maurizio Zanardi, Associate Professor in Economics at the Lancaster University Management School and Schaake Marietje (ALDE, NL).
Event Date: 28/01/2016. City: Brussels. © European Union 2016 - Source : EP.

What happens in China is more important for the European economy than a meagre fall of unemployment in the Eurozone. Last Tuesday, China said its February exports dived by a record 25.4%, fuelling new fears for a bigger slowdown in the world economy. At the same time, a Press release by Eurostat, the EU statistical […]

G20 World Exclusive Interview: “The world, especially emerging economies and developing countries, require a more sustainable and quality development”, the Spokesperson of Japan underscores live from Antalya Turkey

Shinzo Abe Japan Prime Minister Japan_Arrival airplane_G20_European Sting_

On 16 November 2015, the second day of the G20 Leaders Summit in Antalya Turkey, the European Sting conducted a world exclusive interview with HE Mr Yasuhisa Kawamura, Spokesperson and Director-General for Press and Public Diplomacy of Japan. The comprehensive interview was taken by Panos Katsampanis, Co-Founder of the European Sting, and took place inside a suite […]

The European Sting writes down the history LIVE from G20 Leaders’ Summit in Turkey

G20 Logo Turkey 2015

Just a few days now remain until the world’s highest level Summit where the 20 most powerful leaders will convene. This year the exclusive G20 Leaders’ Summit will be taking place in Antalya Turkey on 15-16 November 2015. The Sting, faithful to the tradition it has created to cover the world’s most important Summits, like the […]

A Sting Exclusive: “On the road to Japan-EU Economic Partnership Agreement”, by Ambassador Katakami of the Japanese Mission to the European Union

Katakami Keichi_Ambassador of Japan to EU

The twelfth round of negotiations on the Japan-EU Economic Partnership Agreement (EPA) /Free Trade Agreement (FTA) (EPA/FTA:hereafter referred to as EPA) was held in Tokyo from the 14th to the 18th of September, 2015. Just as with every negotiation we have been through up to this point, officials from Japan and the EU have worked closely […]

A few, or rather two, trade and economic alliances may rule our brave new world

Jean-Claude Juncker, President of the European Commission (first from left) and Donald Tusk, President of the European Council, bending his head a bit more than what the protocol demands (in the middle) participated in the at the 23rd EU-Japan Summit, which took place in Tokyo. In this instance they meet with the Japanese prime minister Shinzo Abe. (European Commission Audiovisual Services, 29/05/2015, Tokyo).

Jean-Claude Juncker, the EU Commission President together with the Japanese Prime Minister Shinzo Abe gave a Press conference following the 23rd EU-Japan Summit which took place in Tokyo on 29 May. The focal point of the meeting was supposed to be the free trade agreement (FTA) between the two sides. However the EU dignitary spoke […]

The banks first to benefit from the new euro trillion ECB plans to print

European Parliament. 8th Parliamentary term in Brussels. Committee on Economic and Monetary Affairs meeting. Roberto Gualtieri, in the Chair (on the left). Monetary Dialogue with European Central Bank President Mario Draghi. (European Parliament Audiovisual Services, 22/09/2014).

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, […]

Why the West supports the yen’s devaluation and Japanese over-indebtedness

Launch of the first round of negotiations in view of the conclusion of a Free Trade Agreement between the EU and Japan. Jun Yokota, Japanese Chief Negotiator, Special Representative of the Government in charge of the negotiations on the Economic Partnership Agreement (EPA) between the EU and Japan, 4th from the right, and Kojiro Shiojiri, Ambassador of Japan to the European Union, 3rd from the right. (EC Audiovisual Services).

While the ministers of Finance of seven major industrialised countries making up the G7 council agreed pompously last weekend that monetary devaluations should not be used as a home economy revitalisation tool, Japan doing exactly that got a pat on the back and was  given the green light to continue on the same path. The […]

EU threatens Japan to suspend FTA negotiations if…

Kojiro Shiojiri, Head of the Mission of Japan to the EU, Yoshio Nakamura, Director General of the Keidanren, Nobuo Katsumata, Vice-Chairman of the Keidanren, José Manuel Barroso, President of the EC,  Hiromasa Yonekura, Chairman of the Keidanren, and Katsuaki Watanabe, Vice-Chairman of the Keidanren (from left to right). Keidanren is the powerful Japanese Business Federation. (EC Audiovisual library).

The two Presidents of the EU, José Manuel Barroso of the Commission and Herman Van Rompuy of the Council couldn’t fly yesterday to Tokyo for the EU-Japan Summit, due to the ongoing developments around the Cyprus issue. This was not enough however to impede the beginning of negotiations for the conclusion of a Free Trade […]

Everybody against Japan over yen’s devaluation

The G20 flags. This council brings together the world’s major advanced and emerging economies.

Yesterday, Jörg Asmussen, Member of the ECB’s Executive Board speaking in an interview to a Greek newspaper said, that the issue of the Japanese yen devaluation should be referred to the G7 and the G20 councils. He added that if each-one goes for himself with national currency competitive devaluations, the outcome will be catastrophic for […]

Japan to invest in euro values

From left to right: Mr Mario DRAGHI, President of the European Central Bank; Mr Jean-Claude JUNCKER, Luxembourg Prime Minister; Mr Michael NOONAN, Irish Minister for Finance.

Japanese minister of Finance Taro Aso early on Tuesday 8 January said his country will invest some of its huge foreign reserves in European Stability Mechanism debt paper. Japan is second only to China in foreign-exchange reserves with $1,274,160 million. Chinese foreign reserves are anything around $3.2 trillion. Almost instantly after the Taro statement the […]