EU budget: Will Germany alone manage Britain’s gap?

The EU budget will be the main topic of the EU summit which will be held in Brussels on Friday. The leaders of the 27 member states have to deal with the annual gap that UK will leave after Brexit occurs ensuring that the priorities set for the Union will be adequately funded. According to […]

What Merkel and Macron are to tell Trump in Davos?

Donald Trump, the American President, is to deliver the closing speech at this year’s World Economic Forum Annual Meeting of 23-26 January in Davos, which as usually is set in the unsullied Alpine landscape. Perhaps, he has something new to say about how America sees Europe. Most probably though, he is simply to repeat his […]

Minority governments ‘à la mode’ in Europe but can they last long?

With the Italian elections set for 4 March and anticipated to produce a hang parliament, four out of the five bigger European countries will be in political limbo for a good part, if not for the entire new year 2018. France is the only exception in this Euro-plague of political uncertainty. In some cases the […]

Europe’s far-right launches attacks on neighboring nations

This newspaper had predicted that Europe’s extreme right wing, almost fascist political parties, unable to deliver their phoney promises after reaching government posts, will try to play the aggressive chauvinism card. Old Continet’s’s nations have paid dearly in the past millennia for jingoism and chauvinist violence. However, after many decades of peace in Europe and […]

Czech Babis, Austrian Kurz and others threaten Europe with nationalist populism

Andrej Babis, a media magnate and second wealthier Czech leading his anti-immigration, nationalist and populist ANO party, won last Sunday’s election, with around 30% of the vote. He is to become the next Prime Minister of the Czech Republic. Babis did that on an anti-systemic Trump-like ticket. He was recently implicated in a tax fraud […]

Chauvinism and xenophobia will lead to global assertiveness and more wars

The immigration crisis of 2015 in Europe exposed the hollowness of the political system of the new millennium in the Old Continent, anguishing to cover the huge social cavities the economic neo-liberalism has created. Unfortunately, economic neo-liberalism didn’t lead to political liberalism, but instead to chauvinism, xenophobia and the insurgence of the extreme right wing […]

Refugee crisis update: Commission is struggling alone with little help from EU or G7 leaders

The European Commission has been fighting the migration crisis urging the EU countries for their support to tackle this long-lasting issue but no or little contribution is provided. Last Thursday, the president of the EC prompted the Czech Republic to change its decision regarding their denial on accepting asylum seekers from Greece and Italy under […]

Will the EU ever tackle the migration crisis despite the lack of political will?

Despite the fact that migration crisis figures have decreased compared to last year, the disappointing commitment of some countries to fulfil their obligations receiving asylum-seekers from Greece and Italy combined with the worsening situation in the Mediterranean are perpetuating this crisis. The European Commission (EC) continues its hard work towards the completion of the relocation […]

EU prepares for the worst case scenario as Turkey seems to be withdrawing from the migration deal

The EU Foreign Ministers convened in Brussels two days ago with Austria calling for a tougher stance towards the Turkish membership urging the EU to freeze negotiations due to the recent security crackdown in Turkey. The EU leaders will discuss the EU-Turkey refugee deal on Thursday which is directly linked to the Turkish accession talks. Erdogan […]

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 […]

Is it just visa-free travel that Erdogan demands from the EU to not break the migration deal?

Last Monday Mevlut Cavusoglu, Turkey’s Foreign Minister, mentioned in the German newspaper Bild that Turkey is most likely to step out of the refugee deal signed with the EU last March unless the latter provides to the Turks visa-free travel to the bloc in October. These comments come only a few days after the Turkish […]

EU revengefully shows no mercy to Cameron by demanding a fast and sloppy Brexit now

One of the most historicals EU summits is taking place today in Brussels with 27 instead of 28 member states attending the meeting, leaving Britain and David Cameron out due to the recent decision of the British people to vote in favor of leaving the European Union. The EU referendum has caused severe consequences not only to […]

For how long and at what cost can the ECB continue printing trillions to keep euro area going?

Last Tuesday Eurostat, the EU statistical service issued a Press release revealing that the GDP of Eurozone (EU19) and EU28 rose in the first quarter of this year by 1.7% and 1.8% respectively, compared with the same three-month period of 2015. On the yearly developments platform, there is more good news. The same source revealed […]

Unemployment and exclusion brings EU cities to boiling point

Last Tuesday Eurostat, the EU statistical service release its latest estimates about the April unemployment rate and May inflation in Eurozone, which unfortunately didn’t diverge markedly from the gloomy predictions of analysts. This week however, the same source published a very interesting survey about the labor market situation in EU. It’s a special report about […]

Migration crisis update: The “Habsburg Empire” comes back to life while EU loses control

It is today that Austria is arbitrarily hosting a Western Balkan counties migration meeting called “Managing Migration Together” where the Interior and Foreign ministers of seven countries (Albania, Bosnia, Bulgaria, Croatia, Kosovo, FYROM, Montenegro, Serbia and Slovenia) have been invited to participate, with Greece, the main migrant gate, to be paradoxically excluded from the discussions. […]

Migration crisis update: Greece could probably say goodbye to Schengen really soon

It was two days ago when the European Commission’s draft report revealed “serious deficiencies” of the Greek government to comply with its obligations under the Schengen’s Agreement rules regarding the control of the migrant influx. If these suggestions are voted by the majority of the EU member states, then Greece will be given a 90 […]

Terrorism and migrants: the two awful nightmares for Europe and Germany in 2016

Less than two weeks have passed since the dawn of 2016 and terrorism and the migration crisis continue afflicting Europe and especially Germany. Yesterday’s horrible terrorist attack in Istanbul that caused the lives of at least 10 people and left 15 injured shocked the entire world and particularly Angela Merkel since eight Germans were among the victims. Terrorism left […]

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

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 […]

Two major EU projects falter; the Schengen Agreement now freezes and Eurozone fails to resolve the Greek enigma

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 […]

EU migrant crisis: Germany, France and UK to show the way. Will the rest of the EU follow?

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 […]

Migration crisis will keep deteriorating as common EU political will is simply not there

The migration crisis in the European Union was the main issue of the Western Balkans Summit yesterday in Vienna, but was largely overshadowed by the deaths of at least 20 refugees who were found dead in a truck in Austria. This tragic event shocked everyone in the Summit who expressed the need for immediate actions by […]

EU seems to fail its moderate migration promises postponing them for end 2015

The European Union’s Interior Ministers convened last Monday on migration but didn’t come to the preferred outcome which was set by the EU leaders only one month ago, in June. Many EU member states opposed to the proposed, by the European Council (EC), distribution of the 40.000 asylum seekers coming from Greece and Italy within […]

Can the national and age groups pockets of unemployment cause irreparable damages to Eurozone?

It’s a bit awkward to consider a drop of the unemployment rate by one decimal point of a percentage unit as economic growth, and call it a reversal to the positive region, as some Brussels dignitaries and bureaucrats do. Incidentally, the euro area unemployment rate fell to 11.3% in February, down from 11.4% in January […]

Brussels enraged with Swiss referendum result to keep out EU citizens

This morning the European Union clearly showed its complete disappointment, with last Sunday’s result of a referendum held in Switzerland, where with a narrow majority of 50.3%, the people of this country approved a “mass immigration” initiative, imposing quotas on European Union citizens entering the Alpine Confederation. The narrow approval of this new law is […]

Who really cares about the 26.2 million of EU jobless?

Yesterday, Eurostat, the EU statistical service, published an update of unemployment statistics for the European Union covering the period up to December 2013. In that month 26.200 million men and women in the EU-28, of whom 19.010 million were in the euro area (EA-17), were unemployed. Eurostat estimates that “Compared with November 2013, the number […]

Fair completion rules and the law of gravity don’t apply to banks

There is no end to EU Commission’s approvals of state aid and government bailouts of hundreds of EU struggling banks, as if the extensive fair competition legislation of the Union is valid for every other sector of the economy at the exception of banks. In the latest incident, the EU competition authorities actually looked the […]

The financial crisis always prefers the south of Eurozone

It’s very interesting to study how incomes and consumption in the worst hit countries coped with the financial crisis and the concomitant severe austerity measures imposed by the ‘troika’ of auditors/lenders. The European Commission, the European Central Bank and the International Monetary Fund formed this ‘troika’ in 2010, to deal with the risk of insolvency […]

Eurozone: Black economy loves the South

  Black economy has been traditionally the weak point for a number of European countries in the South of the Old Continent. Greece, Italy, Spain, Portugal, Cyprus and Malta to name only the Eurozone countries with black economy percentages around 20%, are usually on the head of European Commission’s country lists with economic activities outside […]

Should Europe be afraid of the developing world?

China and India are undoubtedly the two heavyweights of the developing world. On their foot-steps one can categorise also Indonesia, Malaysia, Thailand, Vietnam and some more countries of South East Asia. Yes, those are the tigers of growth, based on the iron willingness of their people to secure a more or less comfortable life, after […]