China is the first non-EU country to invest in Europe’s €315 billion Plan

Jyrki Katainen, Vice-President of the European Commission in charge of Jobs, Growth, Investment and Competitiveness (on the left) went to Beijing and was received by the Chinese Premier of the State Council Li Keqiang (on the right). Katainen traveled to Beijing to participate in the EU/China High Level Economic and Trade Dialogue, together with Günther Oettinger, Member of the Commission in charge of Digital Economy and Society, and Violeta Bulc, Member of the EC in charge of Transport.  Jyrki Katainen and Ma Kai, Chinese Vice-Premier, then gave a joint press conference. (EC Audiovisual Services, 28/09/2015, Location: Beijing – Zhongnanhai).

China is the first non-EU country to contribute to the Juncker Commission’s €315 billion Investment Plan. Until today only nine out of the 28 EU countries have announced their participation in this major project aimed at reviving the sluggish European economy. Beijing has not yet specified the amount to be invested in the Plan but […]

How and why Mercedes fakes the EU fuel consumption tests

Mercedes___Logo

Remember the time you bought a new car. You normally visited it at the showroom, took it for a test drive, read the fuel consumption. Those three factors, together of course with the price of the vehicle, formed your purchase decision and selection between competition. Well, it seems that you can count on the showroom visit […]

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

Press conference by Joaquín Almunia, Vice-President of the EC, on the investigation of the EC on transfer pricing arrangements on corporate taxation of 3 companies (EC Audiovisual Services)

The European Commission (EC) decided two days ago to conduct an investigation which will focus on the tax affairs of Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. Basically, EC’s purpose is to examine if the tax authorities of the aforementioned countries are in line with the rules of […]

Public opinion misled by the Commission on air transport safety

TRAN, Committee on Transport and Tourism meeting (EU Parliament Audiovisual Services).

The Transport committee of the European Parliament (TRAN) blocked yesterday with 21 votes to 13 an EU Commission’s proposal to rearrange flight times for pilots and cabin crews. If the uninformed reader had only the chance to read just the Press release issued afterwards by the responsible, or rather irresponsible, Commissioner and Commission Vice President […]

Merkel, Mercedes and Volkswagen to abolish European democracy

Mercedes-Logo

That the German automotive industry is one of the strongest in the world is not news. Most Europeans are rather content in the idea that Europe is well represented in the fierce global automotive arena, not because we are or will ever be shareholders of Mercedes or Volkswagen, but rather because when we see an […]

European Commission: the LED lights of your Audi A6 shall save our planet

Audi-Logo: Neues Corporate Design /Das neue Audi Markenlogo: Die Vier Ringe werden um den Markenkern "Vorsprung durch Technik" erweitert

How many of you took your stunning black Audi A6 3.0 liter for a ride on the evening of the 11th of April? Do you remember the moment you switched on the LED driving lights and you felt an unprecedented bliss thinking that you are not only rich but you are also protecting the environment? […]

Commissioner sings “Volar-e” but the European driver no “Cantar-e”

Antonio Tajani, Sebastián Salvadó, President of the RACC, and Carles Grasas, CEO of Applus+ IDIADA, posing in front of Volar-e (from left to right)
(EC Audiovisual Services)

It was the last day of February when the European Commission decided to organize a pompous event to test the “amazing” performance of a new electric race car in the Formula 1 Circuit de Catalunya in Barcelona. Its name is Volar-e and I am sure Antonio Tajani, the Commissioner responsible for Industry and Entrepreneurship that […]

German banks suffer of nausea amidst rough seas

Dr Andreas Dombret

Earlier this week, Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, responsible for financial stability and risk controlling, delivered an open lecture in Hamburg, entitled “In the year 2013 – Challenges from a financial stability perspective” . Apart from the burning questions he posed for a number of Eurozone countries’ sovereign debt, […]

Ship Recycling is the Commission’s Titanic

Maria Damanaki, Member of the EC in charge of Maritime Affairs and Fisheries, received Sharon Dijksma, Dutch Minister for Agriculture.

It was the symbolic date of 12/12/12 that the international NGO, Center for International Environmental Law, decided to publish a legal opinion denouncing as 100% illegal the European Commission’s proposal for a new regulation on ship recycling. This coincided with the legal analysis by the former chief counsel of the European Commission , Dr. Ludwig […]

“Private” sea freight indexes hide Libor like skeletons?

EU Commissioner Michel Barnier, responsible for Internal Market and Services

The almost three centuries old Baltic Exchange is a private and closed platform, where around 60 shipping brokers based mainly in London are contributing voluntarily their cargo prices. On the base of those contributions the Exchange publishes benchmark freight price indexes for a round number of 70 sea routes and vessel categories. The indexes are […]