Trump to run America to the tune of his business affairs

Trump promised the Americans higher wages and more opportunities to get to the White House. He has already failed them on both accounts and more. (Gallery Archive, from ‘The Campaign Trail with Donald J. Trump’. Donald J. Trump for President, Inc.)

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 the US and the world can expect from the 8 November election?

May 29, 2016 - Memorial Day (Gallery Archive, from ‘The Campaign Trail with Donald J. Trump’. Donald J. Trump for President, Inc.).

From Beijing and Tehran to Brussels and London, and further away to Mexico City and Caracas the night of 8 November will create a landmark in contemporary world history. The results of the US election and the new occupant of the White House in Washington D.C will certainly affect the way the world turns around. […]

Can the EU afford to block China’s business openings to Europe by denying her the ‘market economy status’?

EU/China Summit, 12-13/07/2016. Handshake between Xi Jinping, President of the People's Republic of China, on the right, and Jean-Claude Juncker President of the Eueopean Commission. Date: 12/07/2016. Location: Beijing, China - Diaoyutai State Guesthouse. © European Union , 2016 / Source: EC - Audiovisual Service / Photo: Olli Geibel.

The way Wallonia, Belgium’s French speaking region approved CETA – the comprehensive economic and trade agreement between the EU and Canada – is a rather dark landmark. In the future, Europe’s trade and otherwise relations with foreign countries will be rather shaky. This was also true in the past, but now became evident for everybody […]

China Unlimited Special Report: The trip to China

China Unlimited 2016 Trip to China

The European Sting, the media partner of the China Unlimited competition, travelled to China from the 22nd July to the 2nd of August 2016 to cover the prominent European delegation to China. The trip was divided into two parts: the capital Beijing and the Ningxia Hui Autonomous Region. A rich programme in Beijing kept the strong […]

Pumping more money into banks but leaving them unregulated doesn’t help

End of the signing ceremony of an EU/China key partnership on 5G: handshake between Miao Wei, Chinese Minister for Industry and Information Technology, on the right, and Günther Oettinger, Member of the EC in charge of Digital Economy and Society, 2nd from the left, in the presence of Ma Kai, Chinese Vice-Premier, 2nd from the right, and Jyrki Katainen, Vice-President of the EC. Date: 28/09/2015. Location: Beijing - Diaoyutai State Guesthouse. © European Union, 2015 / Source: EC - Audiovisual Service / Photo: Olli Geibel.

On Thursday 25 February, this newspaper concluded that “the other major central banks in Europe, China, Japan and elsewhere appear ready to fill the gap that the Fed plans to leave in the ‘money for nothin’ game”. This week’s developments completely justified this prediction. The immediate result is a new appreciation of the dollar with […]

Is there a way out of the next financial crisis? Can more printed money or austerity save us all?

European Central Bank President Mario Draghi appears today at the European Parliament on the occasion of the plenary debate on the ECB’s Annual Report for 2014. (ECB Audiovisual Services. Snapshot from the video of ECB Press Conference of 21 January 2016).

Every time Mario Draghi, the President of the European Central Bank, tries to fight very low inflation and indirectly support growth and job creation in Eurozone with monetary measures, the Germans stand in his way. Last Thursday 28 January, Jens Weidmann, the governor of the German central bank the Bundesbank, did it again. In an […]

EU to pay a dear price if the next crisis catches Eurozone stagnant and deflationary; dire statistics from Eurostat

Wolfgang Schäuble, German Federal Minister for Finance, 1st from the left; discussion between Jeroen Dijsselbloem, Dutch Minister for Finance and President of Eurogroup, 2nd from the right, and Valdis Dombrovskis, Vice-President of the European Commission in charge of the Euro 1st from the right. The most important Eurozone dignitaries favoring economic ‘orthodoxy’ are pictured here. Date: 14/08/2015. Location: Brussels - Council/Justus Lipsius. © European Union, 2015 / Source: EC - Audiovisual Service, Shimera/ Photo: Etienne Ansotte.

Amidst the historically worst first week of a year since stock exchange records exist, the Eurozone economy remains stagnant and appears clearly unable to offer itself and the rest of the global economy a sigh of relief. All along the first week of the New Year Eurostat kept airing quite disappointing statistics for the Eurozone […]

Capital markets selloff: The financial moguls send messages to monetary authorities

The financial district of the City of London. Practically all the “too big to fail’ banks are present there. Council of the European Union – European Council Audiovisual Service. Shoot date: 15/10/2015, Location: London, United Kingdom.

The wild selloff in the major capital markets of the world that culminated last Monday, the first working day of the New Year and continued on Wednesday for a fifth day in row was not just an overreaction to the anticipated slowdown of the Chinese economy, as almost all chief analysts assumed in mainstream media. […]

The UN supports Europe’s military action in Libya and the Mediterranean; Russia and China agree

Vera Jourova, European Commissioner for Justice (on the left) and Felix Braz, Minister of Justice of Luxembourg holding a Press conference after the Justice and Home Affairs EU Council meeting on 8-9 October in Luxembourg. The former represents the will of the Brussels Commission and the latter holds the rotating Presidency of this Council, authentically representing the 28 EU governments. (European Council – Council of the European Union, 09/10/2015).

Last Friday 9 October the UN Security Council and its five permanent members unanimously decided to actually trade entire nations and geographical regions between them. To this effect they authorized the European Union to employ warships in the Libyan waters to “board ships for inspection, seize and even dispose of vessels suspected of being used […]

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 […]