Draghi repels Trump’s threats, rejects Schauble’s dictums

Mario Draghi, the President of the European Central Bank, is under mounting pressures both at home and abroad. From the other side of the Atlantic US President Donald Trump is overtly targeting a much cheaper dollar compared to euro, while at his inaugural speech he clearly praised trade protectionism by saying, “Protection will lead to […]

Turkey caught in a vicious Syrian circle bringing terror and war at home

The Turkish government, under the iron hand of the country’s President Recep Tayyip Erdogan, felt obliged to further challenge the Americans in the troubled region of the Middle East this past week. Deputy Prime Minister Veysi Kaynak and Erdogan’s spokesman Ibrahim Kalin questioned the presence of the US led coalition forces at the key air […]

Fear casts again a cold, ugly shadow over Europe; Turkey sides with Russia

The deadly attack in a Berlin Christmas market and the assassination of the Russian ambassador in Ankara, may not be closely connected or plotted by related terrorist circles, but they aim at the same target; to terrify entire populations and block what could lead to a solution in the Syrian mess. Add to that the […]

Trump to run America to the tune of his business affairs

In the short period after the 8 November election that brought him to the Oval Office of the White House for the next four years, President – elect Donald Trump has more or less outlined the policy mix he is going to implement as from 20 January. His choices for key government positions and his […]

What will the US look like under Trump? Was his election campaign a big scam?

Everybody agrees now that the President – elect Donald Trump won the 8 November election, by promising he will take good care of the Americans who are left behind in the era of globalization and of the global financial rackets. The first signs though indicate the opposite. His choices for the top Washington jobs are […]

Trump and Brexit: After the social whys the political whereto

The economic, social and political gaps between the power hubs of New York and Washington on the one hand and the American Mid-West and Southern states on the other is equal to the space dividing London from the rest of Britain. These distances probably compare to the vacuity separating earth from the moon. This is […]

Trump beats Clinton but Americans will learn the hard way that the US can’t change with an election

With a large part of voters disgusted from this US Presidential race, which reached unseen before heights of bitterness, hatred, toxic recrimination and another part of Americans ready to contest the result, had Donald Trump lost the race. In the end, he achieved a landslide win and will become the next President of the USA. […]

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]

What if Trump wins the November election and Renzi loses the December referendum?

After the Brexit, it became apparent that a large or probably the largest part of citizens/voters in the western world are questioning, if not strongly protesting against globalization, having felt its onerous consequences. The free movement of people, goods and capital is not any more a perceptibly good thing for the average man in the […]

The impossible end of the war in Syria

The United States and the Russian governments without the slightest remorse announced that it was with their guns the Syrians have been killing each other for the last six years. This is the translation in plain English of last weekend’s news, which is that Washington and Moscow agreed on a truce in Syria, after very […]

No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

Last Wednesday, Deutsche Bank’s shares fell by 4.5% in the first hour of trading in Frankfurt, after the bank released its second quarter results, showing a measly profit of €20 million, in comparison to €818 million last year. The percentage fall of this stock is the biggest ever in such a brief time in the […]

The US and EU decisively oppose Erdogan’s plans for Turkey and beyond

Last Monday, John Kerry, the US Secretary of State, participated in the EU Foreign ministers’ council in Brussels, where the main topic on the agenda was the attempted coup in Turkey and its aftermath. The obvious reason for this joint Euro-American session of foreign ministers was to clearly show and for everybody to understand that […]

Syria: Why did the US now take the Russian offer for a truce? What next?

The US-Russia plan for a “cessation of hostilities” in Syria, endorsed by the UN Security Council on Friday 26 February kicked off in the early hours of Saturday and two days after is still more or less observed. Understandably the cease-fire may collapse at any moment but the US and Russia seem determined to keep […]

The 28 EU leaders don’t touch the thorny issues

The 28 EU leaders presently meeting in Brussels, seem to have chosen the ‘illegal migration’ and the ‘European pride’ issues as the main items on their agenda. This is the best way to avoid the burning social and economic issues, which torment “the richest continent” of the world, as the President of the European Parliament […]

ECB is about to lend trillions to banks

The institutionalisation of the Single Resolution Mechanism to deal with failing banks, a new tool to complement ECB’s Single Supervisory Mechanism (SSM), two cornerstones in building the European Banking Union, cannot be accomplished correctly, if member states were allowed directly or indirectly to support with public money their failing or about to fail banks, in […]