It was two days ago, Wednesday 26 March, that the President of the USA paid us a visit here in Brussels and caused a congestion chaos in the Belgian capital. The reason of his visit was to sell. To sell ideas about freedom, NATO membership ‘upgrades’ and a bit of shale gas. As sales are […]Obama, Crimea and the TTIP pill
March 28, 2014 by Leave a Comment
It was two days ago, Wednesday 26 March, that the President of the USA paid us a visit here in Brussels and caused a congestion chaos in the Belgian capital. The reason of his visit was to sell. To sell ideas about freedom, NATO membership ‘upgrades’ and a bit of shale gas. As sales are […]Crimea, a wicked game of political chess and a ‘big’ coincidence
March 24, 2014 by Leave a Comment
Last Friday, 21 March, was a historic day in modern geopolitical proceedings. A former Soviet Union member was opening its door to the European Union while just a few hours later a significant part of the same country was being annexed by Russia. The former sentence on its own could have been taken from a […]EU Parliament: No EU-US trade agreement without safe data
March 14, 2014 by Leave a Comment
The European Parliament, in a strongly worded and overwhelmingly voted resolution, set a definite condition for the legislature’s approval of the currently under negotiation EU-US free trade agreement (Transatlantic Trade and Investment Partnership – TTIP). The condition is that American NSA’s mass surveillance practices be completely stopped. The relevant Press release clearly states that “Parliament’s […]ECB readies itself for extraordinary monetary measures defying Germany
March 14, 2014 by Leave a Comment
In direct antithesis with the German Federal Minister of Finance Wolfgang Schauble, Mario Draghi, the President of the European Central Bank, raised yesterday the issue of the deflation risk (negative inflation, most prices fall) which could possibly engulf Eurozone. Draghi, after receiving the ‘Schumpeter Preis’ in a ceremony for the Schumpeter Award, at the Oesterreichische […]Ukraine: The West and Russia negotiate shares of influence
March 6, 2014 by 1 Comment
The seriousness of approach, the magnitude of the interest and the pertinence of the proposal the European Union adopted yesterday to end the stalemate in Ukraine can be seen in the kind of money the EU sets aside for this country. José Manuel Barroso, President of the European Commission stated yesterday that the Union can […]Europe enters uncharted waters with Kiev-Moscow standoff
March 4, 2014 by Leave a Comment
With a brief announcement of the G7, the West is practically recognising the occupation of Crimea by the Russian armed forces as a ‘fait accompli’ and by the same token the dismembering of Ukraine. The announcement signed yesterday by the G7 heads of states or governments, even accepts that Russia has “security or human rights […]De Gucht: More gaffes with the talks on the EU-US free trade agreement
March 3, 2014 by Leave a Comment
European Commissioner Karel de Gucht, responsible for Trade, speaking after the informal Athens meeting of the EU Foreign Affairs Council (Trade), attended by the 28 Foreign Trade ministers, failed to accurately report the Council’s opinion on the Transatlantic Trade and Investment Partnership (TTIP) that is the free trade agreement currently under negotiation between the Union […]Can the US deal a blow to EU and Russia together over Ukraine?
February 24, 2014 by Leave a Comment
Within 24 hours the agreement that the European Union brokered in Ukraine was turned into a worthless paper by around 200 MPs and some hundreds of heavily armed ‘protestors’ in Kiev. Given that the power behind this radical change in the Parliament couldn’t be Russia or the EU it has to be Ukraine’s proper oligarchs, […]EU-US trade deal: Europe to Americanize its social model?
February 20, 2014 by Leave a Comment
It can’t be both. Either the EU Trade Commissioner Karel De Gucht hadn’t recovered from the transatlantic trip hangover, while speaking in Washington on Tuesday, or he thinks we are all morons. He said: “I invite all Europeans to also discuss their concerns about the Transatlantic Trade and Investment Partnership (TTIP) (free trade deal)… Because […]Eurozone: Despite anemic growth and shaky banks marks record trade surplus
February 15, 2014 by Leave a Comment
Yesterday morning, Eurostat, the EU statistical service, reserved a pleasant surprise to the European decision-makers by announcing its estimates for economic growth during the last quarter of 2013, with all four big Eurozone economies found in the positive part of the chart. Of course this development was not a surprise for Germany, but for both […]The US banks drive the developing world to a catastrophe
January 31, 2014 by Leave a Comment
How is it possible that the good news of the growth of the American economy which has raised its gear, also brings forth crisis and possibly destruction in developing countries? Yet this is exactly what is already happening in our brave new world. The good news is that the US economy now grows at a […]Glaringly false reassurances about the repercussions of the EU-US free trade agreement
January 23, 2014 by 1 Comment
Yesterday, Karel De Gucht, the EU Trade Commissioner delivered a speech in Düsseldorf, to reassure his German audience that the EU-US negotiations to conclude a Transatlantic Trade and Investment Partnership (Free Trade Agreement), will not lead to abandonment of EU health rules that ban genetically modified food and beef with hormones nor will it give […]IMF launches a new offensive against Germany
January 22, 2014 by Leave a Comment
In the latest issue of its World Economic Outlook (WEO), which was published yesterday, the IMF raises the tone of criticism against Europe. It’s again the risk of deflation and the projection that “economic slack will remain high”, the two axes which constitute the cutting edge of criticism of North America against Eurozone. The latest […]Eurostat confirms a dangerously fast falling inflation in Eurozone
January 17, 2014 by Leave a Comment
Yesterday Eurostat confirmed that the euro area inflation rate for December was down to 0.8% from 0.9% in November, dangerously approaching the negative part of the graph. The announcement coincided with IMF Managing Director Christine Lagarde’s warning that weak growth in Eurozone is now also threatened by deflation (continuously falling prices leading to real economy […]IMF’s Lagarde indirectly cautioned Eurozone on deflation
January 16, 2014 by Leave a Comment
Weak growth is threatened by deflation in the developed world, while emerging markets have to overcome the financial turbulences that lie ahead, due to forthcoming restrictive monetary policy by the US central bank, the Fed. This is what IMF Managing Director Christine Lagarde said yesterday, speaking at the National Press Club in the U.S. capital. […]No better year for the EU’s weak chain links
January 9, 2014 by Leave a Comment
The European Parliament issued a Press release this week with the ambitious target to inform us all about what is bound to change in our lives this year, resulting from the application of EU laws. It mentions the mercury ban in thermometers and some new rules in recycling of electrical and electronic equipment, the legislation […]Who would pay and who is to gain from the EU-US free trade agreement
December 21, 2013 by Leave a Comment
Challenging the factual reality, that the ‘gains’ from the currently under negotiation EU-US trade agreement would come mainly from deregulation in the fields of health, safety, environment, financial and data security, the European chief negotiator Garcia Bercero insisted that: “the Transatlantic Trade and Investment Partnership (TTIP) is not and will not be a deregulation agenda”. […]EU security and defence industry prepares positions for ‘producers’ and ‘customers’
December 20, 2013 by Leave a Comment
The fast track sovereignty concession in the sphere of the economy, that the European Union and more so the Eurozone has recently scheduled for the coming years, with the accomplishment of the European Banking Union, was yesterday mirrored in the EU’s Common Security and Defence Policy. The EU leaders who met in Brussels yesterday for […]ECB’s Draghi favours a cheaper euro to serve all Eurozone countries
November 29, 2013 by 2 Comments
György Matolcsy, the controversial Hungarian politician and economist, currently serving as governor of his country’s central bank, handpicked for the job by the equally controversial Prime Minister Viktor Orban, reported that the President of the European Central Bank, Mario Draghi has set the ceiling for the euro/dollar parity at 1/1.30. This is something Draghi has […]OECD tells Eurozone to prepare its banks for a tsunami coming from developing countries
November 21, 2013 by Leave a Comment
OECD is not like the IMF. The Organisation of Economic Co-operation and Development, unlike the International Monetary Fund doesn’t chew its words, when it comes to the economic prospects of the global economy. The reason is that its mandate obliges the Organisation to effectively protect its 34 member states from the dangers lurking ahead, by […]EU Commission – US hasten talks to avoid NGO reactions on free trade agreement
November 18, 2013 by Leave a Comment
Last Friday 15 November the European Union and the United States concluded the second round of Transatlantic Trade and Investment Partnership negotiations in Brussels. The TTIP is a kind of enlarged free trade agreement involving the two largest trading partners of the world. It covers mainly the impediments after the borders (regulations and technical barriers) […]EU-US resume trade negotiations under the spell of NSA surveillance
November 9, 2013 by Leave a Comment
Finally the second round of the EU-US trade negotiations is to be held this week from Monday to Friday 11 to 15 November in Brussels. The round was originally set for 7th-11th October but it was postponed because the Americans couldn’t travel to Europe due to the partial shutdown of the US administration. Of course […]The Commission favours the cultivation of more GMOs in Europe
November 7, 2013 by 1 Comment
The delay in the process of negotiations for the conclusion of the EU-US trade agreement seems to have opened the opportunity to clarify some thorny matters between the two largest trading partners of the world. One of them is surely the cultivation on EU soil of Monsanto’s genetically modified ‘Pioneer 1507’ maize seed. Apart from […]The EU-US trade agreement, victim of right-wing extremists and security lunatics
November 7, 2013 by Leave a Comment
The 17 days, that the extreme right (Tea Party politicians) of the US Republican Party forced the American administration to partially shut down, have already cost the GOP the mayorship of New York and the governorship of Virginia, but have also endangered their country’s trade agreement with their closest economic partner, the European Union. The […]Renewed pressures on Berlin to adopt growth policies
November 6, 2013 by Leave a Comment
Yesterday, the European Commission in Brussels announced that euro area growth prospects are sluggish, and downgraded the projected rate of GDP increase for 2014, from 1.2% to 1%. Also yesterday President Manuel Barroso, while speaking in Saint Paul’s Church in Frankfurt, where the first democratically elected Parliament of Germany was convened, called on this country […]Inflation down to 0.7%, unemployment up at 12.2%: Bad omens for Eurozone
November 1, 2013 by Leave a Comment
Eurostat, the EU statistical service, estimates that euro area inflation in October fell to 0.7% from 1.1% in September. It was 1.6% in July and then fell to 1.3% in August. This is an alarmingly fast deceleration of consumer price dynamism, threatening Eurozone with real disinflation, way below the 2% benchmark set by the European […]The EU Parliament sidesteps the real issues about banks, while the US target the Eurozone lenders
October 28, 2013 by 3 Comments
Last week, The Economic and Monetary Affairs Committee – ECON of the European Parliament approved a draft legislation to ostensibly protect small investors from risks hidden in investment products sold by banks. However, this development coincided with J.P. Morgan’s agreement with the American authorities over a payment of a record fine of $13.5 billion, regarding […]Parliament asks for the termination of EU-US bank data deal
October 24, 2013 by Leave a Comment
The European Parliament finally voted in favour of the suspension of EU-US bank data deal, in response to NSA snooping. “The EU should suspend its Terrorist Finance Tracking Program (TFTP) agreement with the US in response to the US National Security Agency‘s alleged tapping of EU citizens’ bank data held by the Belgian company SWIFT”, […]EU signs with Canada historic trade agreement, others to follow
October 19, 2013 by Leave a Comment
The announcement of the conclusion of the EU-Canada free trade agreement yesterday not only opens a new chapter in the history of EU-Canada relations, but the solutions agreed in sensitive chapters, like agriculture and animal products and public procurement will serve as a base for the under negotiation similar pact with the US. The Prime […]G20: Less growth, more austerity for developing countries
October 14, 2013 by Leave a Comment
IMF – World Bank’s annual meetings and the G20 Finance ministers and central bank governors gathering in Washington D.C. this weekend proved two things; first that the world is more divided now, in the aftermath of the financial crisis and second and more important that the labouring millions of the globe in developing and […]IMF asks Europe to decide on bank resolutions and the Greek Gordian knot
October 12, 2013 by Leave a Comment
In view of the fast deteriorating relations between the European Union and the International Monetary Fund over the needed measures to confront the Greek Gordian knot and Eurozone’s banking sector problems, a culmination is expected in a few days. The exchanges between the two sides, recorded this week are indicative of the worsening climate over […]Why Europe is more competitive than the US
October 11, 2013 by 1 Comment
The commonly recited rough theory, that Eurozone economy is less competitive than the US, is not confirmed by core statistics. The European Sting has repeatedly stressed that Eurozone is by far a net exporter of sophisticated products and services, while the US suffers of a chronic and probably structural, foreign trade deficit. In this […]Who may profit from the rise of the extreme right in the West?
October 10, 2013 by 1 Comment
The European Parliament seemed abruptly awoken yesterday to an ugly reality, by recognising the rise of right-wing extremism in Europe, while discussing the murder of Pavlos Fissas, the Greek social activist slaughtered by the gangs of Golden Dawn. Of course the EU Parliament is not the only western top decision making body to suddenly discover, […]
