Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash

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 […]

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

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

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 […]

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

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 […]