The more action clauses a document of a Western Balkans-EU agreement contains, meant to “improve cooperation and step up consultation between the countries along the migration route”, the less cooperation there will be. That was the case last Sunday 25 October when 11 leaders of Balkan and EU countries met in Brussels. They knew very […]Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate
October 29, 2015 by Leave a Comment
The more action clauses a document of a Western Balkans-EU agreement contains, meant to “improve cooperation and step up consultation between the countries along the migration route”, the less cooperation there will be. That was the case last Sunday 25 October when 11 leaders of Balkan and EU countries met in Brussels. They knew very […]EU takes again positive action on migration crisis while Turkey asks for dear favors in exchange for cooperation
October 28, 2015 by Leave a Comment
A mini-summit took place in Brussels last weekend involving the Western Balkan countries and aiming at tackling the escalating migration crisis in the EU. The outcome was the promotion of a 17-point plan which aspires to tackle the issue. The problem that keeps on lingering though is whether the EU countries will look at the greater good of […]Europe slammed by Turkey’s shaky Erdoğan; both playing with immigrants’ agony
October 19, 2015 by Leave a Comment
Probably the greatest achievement of last Thursday’s European Council was that its conclusions were refuted within hours after they were published. While the official text of the Council results boasts about a “joint action plan with Turkey”, to stem the immigration flows to the EU, the Turkish minister of Foreign Affairs Feridun Sinirlioglu commented otherwise. […]Why the 33,000 staff European Commission did not have a real contingency plan for the refugee crisis?
September 25, 2015 by Leave a Comment
Last Wednesday the EU leaders convened in Brussels to discuss the migration crisis in view of the decision made by the Interior Ministers one day ago. The Heads of States finally decided to “work together in a spirit of solidarity and responsibility” supporting the positive vote taken by the majority of Ministers at the Extraordinary […]Two major EU projects falter; the Schengen Agreement now freezes and Eurozone fails to resolve the Greek enigma
September 17, 2015 by 2 Comments
The usually so cool north Europeans seem to have lost their composure when the first waves of refugees and immigrants reached their borders. Germany and Austria within a few days made full immigration policy u-turns and finally closed their borders. Both Chancellors, Angela Merkel in Berlin and Werner Faymann in Vienna, said last week they […]The refugee crisis brings to light EU’s most horrible flaws and nightmares
September 16, 2015 by 1 Comment
Last Monday, the EU Interior Ministers convened in Brussels in order to discuss about the quotas of the 120.000 refugees proposed by the European Commission (EC) but didn’t manage again to come to a common decision. Poland, Czech Republic, Slovakia and Hungary belong to the group of countries that are against the latter proposal which […]EU migrant crisis: Germany, France and UK to show the way. Will the rest of the EU follow?
September 9, 2015 by Leave a Comment
The recent migrant crisis keeps on plaguing Europe and our good EU leaders and officials strive to find solutions to tackle it. Jean Claude Juncker, the President of the European Commission (EC), will present today his plans for sharing asylum seekers among the 28 EU countries. It will be a crucial day for Juncker’s Commission because […]Does the Greek deal strengthen the Eurozone? Markets react cautiously
July 20, 2015 by Leave a Comment
Is Eurozone strengthened after the Greek deal? At first reading the answer is a straightforward ‘yes’ because the other option, the Grexit, the exit of the country from the euro area, would have reversed the theoretically irreversible participation in the monetary zone. According to the Treaties, on which the Economic and Monetary Union (EMU) of […]Tsipras imposes more austerity on insolvent Greece; plans to win new early election soon
July 16, 2015 by Leave a Comment
On 9 July this newspaper predicted that the Greek Prime Minister Alexis Tsipras was adamant about keeping his country in the Eurozone. In order to do this the Sting foresaw that he was prepared not only to pay a dear price for a third bailout scheme (April 2010, June 2012 and July 2015) financed by […]Tsipras bewildered with Berlin’s humiliating demands; ECB expects political sign to refinance the Greek banks
July 13, 2015 by Leave a Comment
The Greek indecisiveness and procrastination and the deep division of the euro area countries, with Germany upholding an intransigent position have led to the humiliation of Athens, during the Saturday and Sunday late night meetings of the Eurogroup (the council of the 19 ministers of Eurozone) and the Eurosummit (the 19 heads of Eurozone state […]Greece: Tsipras’ referendum victory does not solve the financial stalemate of the country and its banks
July 6, 2015 by 1 Comment
The imperative economic realities for the Greek Prime Minister Alexis Tsipras will not be altered noticeably after his crushing win in yesterday’s referendum. His ‘no’ (OXI in Greek) option marked an overwhelming victory meaning that the Greeks rejected the latest offer from the country’s creditors. To be reminded, during the past five months the Greek […]Hardened creditors drive Greece to dire straits; Tsipras desperate for an agreement
July 2, 2015 by Leave a Comment
Alexis Tsipras, the Greek Prime Minister, his government and their depressed country are now in real dire straits. This is a much worse position than in any time during the last five years, a period in which Greece repeatedly faced total collapse and was rescued by a troika of creditors (the European Union, the European […]The time is up but the game is still not over for Greece: negotiations continue in anticipation of a new deal
July 1, 2015 by Leave a Comment
The deadline of the 4-month extension that the Greek government had received on February 20 just expired today. However, the Greek government and particularly the Greek Prime Minister Alexis Tsipras on a last moment decision to return to the negotiating table sent a letter to the institutions only hours before the expiration of the bailout programme. […]Greece’s Tsipras: Risking country and Eurozone or securing an extra argument for creditors?
June 30, 2015 by Leave a Comment
The Greek Prime Minister Alexis Tsipras and his governing left wing SYRIZA party, cornered between its populist rhetoric for greener grass and the realities of the dragging on negotiations with the country’s creditors, called for a referendum next Sunday 5 July without a clearly defined question, denying to exactly clarify where the ‘yes’ or the […]Greferendum: the biggest political gaffe in western modern history to tear Europe apart? #Grexit #Graccident
June 28, 2015 by Leave a Comment
Once upon a time there was a beautiful historical country that used to be part of the European Union. It became the 10th country to join the block in 1981 and was evolved ever since to become a pole of stability and growth in the Balkan region and serve crucial geo-strategic interests in the Mediterranean. The introduction in the […]Can the world take the risk of a new financial armageddon so that IMF doesn’t lose face towards Tsipras?
June 17, 2015 by Leave a Comment
The next meeting of the Finance Ministers of the Eurozone (Eurogroup) is convening tomorrow and the main topic will be the Greek deal with the three institutions. However, the fact that the negotiations haven’t yet reached an accord from both sides makes the agreement very unlikely. That is the reason why the European leaders are preparing […]Spanish vote – bad luck for Greece: Does Iphigenia need to be sacrificed for favourable winds to blow in Eurozone?
May 26, 2015 by Leave a Comment
Greece is running out not only of time but also luck. The country’s economy has been pending in limbo for the past four months, exhausting all its resources to survive the financial suffocation that the European Central Bank has imposed following the political orders by Berlin, Paris and Brussels, violating the bank’s “independent” role in the European […]Alexis Tsipras against internal and external “enemies” in pursue of a two-phase deal now
May 20, 2015 by Leave a Comment
The Greek government and particularly the Prime Minister Alexis Tsipras is currently looking at a deal with the creditors but is facing both interior and exterior “enemies”. Mr Tsipras had extensive talks yesterday in Athens with the government’s officials in order to inform them about the negotiations’ progress. The Finance Minister of Greece – “pop star”, […]Greece lost a month that cannot be found neither in “mini Summits” nor in Berlin
March 20, 2015 by Leave a Comment
It has been one long month since the Greek deal on the Eurogroup of 20 February where Greece and the rest of the Eurozone agreed to give to the former a four-month extension of the loan agreement. However, the Greek government does not seem to cooperate with the three institutions (ECB, IMF, EU) to actively and urgently […]Greece’s last Eurogroup or the beginning of a new solid European Union?
February 20, 2015 by
Today everyone’s eyes are fixed on the extraordinary Eurogroup meeting which is taking place in Brussels. This is simply put one of the most important gatherings in the Union’s history because one of its member states is under the “dilemma” of staying within the Eurozone by signing an extension agreement or exit and face imminent bankruptcy. […]“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos
January 30, 2015 by Leave a Comment
At the second day of the World Economic Forum 2015 in Davos the world was expecting the German Chancellor, Mrs Angela Merkel, in one of the most awaited sessions, titled “Global responsibilities in a digital age”. Mrs Merkel’s speech was warm and stimulating covering the hot issues of the European political agenda. To a disappointment […]Grexit no longer a threat but how to manage a “tutti frutti” government if not with fear?
January 7, 2015 by Leave a Comment
Every now and then a Eurozone crisis breaks out lately. This means two things: either the common currency project is too fragile or too many people don’t believe in it. Or both. Eurozone strong as a rock Well, to begin with, there is not one shadow over Eurozone’s “fragility”. The fact that we are still standing after […]Draghi’s top new year resolution: Quantitative Easing
December 26, 2014 by
The year 2014 is coming to an end and the major concern of the European Central Bank (ECB) and its president Mario Draghi was and still is the inflation rate that is way below the target of close but below 2%. The next monetary policy meeting of the ECB’s Governing Council will take place on […]The British “nonsense”, the relaxed Commissioner and the TTIP “chiaroscuro” at this week’s Council
December 19, 2014 by Leave a Comment
“The EU and the US should make all efforts to conclude negotiations on an ambitious, comprehensive and mutually beneficial TTIP by the end of 2015”, was the first conclusion of the first day of the 18-19 December EU Council. That our EU leaders are in an unprecedented rush to conclude the “notorious” trade deal with the […]Presentation of Juncker’s Investment Plan: Can 315 billion euros save the EU?
November 28, 2014 by 1 Comment
Jean Claude Junker, the president of the European Commission (EC), announced details of his 315 billion euros promising investment plan two days ago in Strasbourg. This three year project will use money from EU institutions in order to create a fund that will motivate investors to bring back their money in Europe and increase growth […]How and why Mercedes fakes the EU fuel consumption tests
November 14, 2014 by Leave a Comment
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 […]Junker for Commission President: What were the stakes in this affair
July 17, 2014 by Leave a Comment
Jean-Claude Juncker’s was confirmed last Tuesday as President of the European Commission for the next five years. In a secret ballot 422 MEPs who voted for him and 250 against. This goes beyond what David Cameron had imagined, when he decided to fervently oppose this appointment for the top EU job. To be reminded, that […]Europe is now practically divided as in the Cold War
July 1, 2014 by Leave a Comment
Last week’s European Summit in an implicit way actually sealed the partitioning of Europe as in the Cold War. The European Sting has repeatedly reported and commented on this issue and analyzed the efforts, mainly by Germany, for this new division to be avoided. However, Berlin’s endeavors towards this direction were in vain. The European […]How Cameron unwillingly helped Eurozone reunite; the long-term repercussions of two European Council decisions
June 30, 2014 by Leave a Comment
Last week’s European Council, bringing together the 28 EU leaders, adopted two groundbreaking decisions. The first one, to propose Jean-Claude Juncker as next Commission President with a 26 to 2 vote was largely expected, and the European Parliament will predictably endorse him. The other Council verdict, to relax the strict application of the Stability and […]This afternoon Britain will be once more isolated from mainland Europe
June 26, 2014 by Leave a Comment
This morning the European Council will carry out an unprecedented procedure. The 28 EU leaders are supposed to nominate Jean-Claude Juncker as candidate for European Commission President by qualified majority, in a vote that has never taken place before. Then, Juncker, or an unlikely other candidate has to be also approved by the MEPs. Up to […]Italy’s M.Renzi and Germany’s S. Gabriel veto austerity, ask EU leaders to endorse growth measures
June 19, 2014 by Leave a Comment
At last there are signs of relaxation of Eurozone’s tight fiscal constrains to growth. Italy, Portugal, Spain, Ireland and Greece are not the only Eurozone members that display now a de facto rejection of the strict financial confines imposed on them by Brussels since 2010. France too and other EU member states seem quite reluctant […]The 28 EU leaders show contempt for the European Elections results
June 2, 2014 by Leave a Comment
Despite the fact that the European Elections sent a resounding message of disenchantment and distrust for the European institutions, the leaders of the member states of the Union, in their last Summit in Brussels earlier last week, practically refused to take seriously the communication of the citizens, who voted or abstained from the balloting. […]Is Eurozone preparing to abandon austerity and stagnation?
April 3, 2014 by Leave a Comment
Two unrelated at first reading, but in reality very closely connected developments, materialised this week. On the one side it’s the new fall of industrial producer prices in February 2014 (deflation), while on the other, Germany surprised everybody by adopting, for the first time in its economic history, a compulsory minimum wage, expected to be […]
