The ECB tells Berlin that a Germanic Eurozone is unacceptable and doesn’t work

Last week Eurostat, the EU statistical service, confirmed that Eurozone inflation was stuck at zero percent in April, remaining in the region of deflation. No need to mention what a too low or zero or negative inflation means for a stagnating or even receding economy. Add to that the perilous position of Greece in and […]

Why is the EU launching a doomed policy in stopping immigrant waves? What are the real targets?

For what it’s worth, the Libyan government, the one recognized by Europe and the West, rejected the EU plan to carry out military operations in the country’s territorial waters and soil against the traffickers of immigrants. This reaction by the one of the two Libyan governments is quite understandable, because it’s practically impossible to distinguish […]

More billions needed to help Eurozone recover; ECB sidesteps German objections about QE

The Eurozone economy has been taking two steps forward and one step backward over the past few months. The minimal increase of the GDP growth rate to 0.4% during the first quarter of this year and the equally small increase of people in employment was accompanied by a fall of industrial production and a decrease […]

EU’s core members are eyeing larger parts of arms trade and of world map

Last Friday, 8 May, the European Commission released two documents setting a path for defense and security cooperation within the EU. The reports will be presented in an upcoming discussion by the competent 28 Ministers on 18 May and the Heads of State and Government in the European Council of 25 June. The two documents […]

Why did Cameron gain absolute majority? What will he do now? Will he vote ‘yes’ in Britain’s in – out EU referendum?

The UK election results came as a shock to many but primarily shook the British public opinion poll experts. All of them failed to even come anywhere near predicting the final results. For Britain, David Cameron’s win means no-change where it counts, the economy, the foreign policy and the home affairs. Regarding the repercussions on […]

European Business Summit 2015: In search of a vision for the future

It only happens once a year in Brussels and the time is now. The European business leaders gather presently in the Belgian and EU’s capital for two days to stage the European Business Summit. It started yesterday Wednesday 6 May and is concluding today. The business leaders are taking stock of the present and plan […]

European Youth Forum @ European Business Summit 2015: Why interns should matter to business

Written by Allan Päll, secretary general of the European Youth Forum At this European Business Summit the European Youth Forum will be hosting a “Meet the expert session” on quality internships: what can business do?. We hope to meet with and discuss with many businesses how they can improve their internship schemes or start providing decent […]

“One Belt One Road”: Its relevance to the European Companies

Written by Kening Zhang, Minister for Economic & Commercial affairs, Chinese Mission to the EU Chinese President Xi Jinping raised the initiative of jointly building the Silk Road Economic Belt and the 21st Century Maritime Silk Road in September 2013, since when it has attracted close attention from all over the world. The initiative to jointly […]

The European Youth raises their voices this week in Brussels at Yo!Fest 2015

European Youth Insights is a platform provided by the European Youth Forum and the European Sting, to allow young people to air their views on issues that matter to them. The following entry is written by Allan Päll, Secretary General of the European Youth Forum YO!Fest is the European Youth Forum’s annual political festival and is our big […]

Will Eurozone be able to repay its debts? Is a bubble forming there?

This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]

Does the West reserve the fate of Libya and Syria for others? How does this relate to the EU’s Neighborhood Policy?

Last Monday the High Representative and Vice-president of the European Commission Federica Mogherini delivered the opening speech, in the ministerial meeting of EU’s Southern partners, in the context of the European Neighborhood Policy that took place in Barcelona. At some point she noticed that out of the 38 foreign ministers who were supposed to participate […]

A critical European young voice on Net Neutrality: the distance between Brussels and Washington

To anyone with an interest in modern technology or international relations, the issue of Net Neutrality shouldn’t be completely unheard of; to the general public though, it might sound unusual. In essence, Net Neutrality refers to our ability to freely browse and communicate over the Internet without interference from Internet service providers (ISPs), governments, law […]

Have Europe’s Ukrainian wounds begun to heal?

The wounds the Ukrainian civil war has inflicted on Europe have now stopped bleeding and if not begun healing at least they claim no more fatalities. The Minsk II agreement is holding well and the Europeans, most of them, have made clear to the Americans that there is no chance of starting a new war […]

Can the US-Iran rapprochement change the world?

The United States global gendarmes and the Shiite Iran were brought together in a common fight against the Islamic States murderers in Iraq and Syria, thus opening the way for a wider understanding between the two until recently sworn enemies. The American government saw one more major geostrategic advantage in the rapprochement with Tehran. And […]

Can Greece’s democratic institutions keep it in Eurozone?

Paris, Washington and Brussels categorically reject the idea of a Grexit, while Berlin is still loudly insisting that the Eurozone can weather at a cost Greece’s secession. Behind closed doors though, the German decision makers are also not at all sure about that. Greece’s exit from Eurozone has lately become the talk of the town […]

Juncker’s Investment Plan in desperate need for trust and funds from public and private investors

Last Tuesday the EU Finance ministers gathered in Brussels to decide for the fate of Juncker’s Investments Plan. The news is quite promising for EU Investments since all ministers agreed to support this Plan by setting up the European Fund for Strategic Investments (EFSI). Italy also announced its contribution by pledging to invest 8 billion […]

Only the Americans are unhappy with the ceasefire agreement in eastern Ukraine

Despite the fact that the Minsk ceasefire agreement is holding more or less well and the bloodshed in eastern Ukraine has stopped, the Americans seem quite unhappy. They insist on the need to supply the Ukrainians with heavy armaments to continue the war, this time clearly against Putin’s Russia. Let’s follow the facts. On 25 […]

The West and Russia accomplished the dismembering and the economic destruction of Ukraine

With the Minsk Agreement the West and Russia finally got what they wanted or close to that from Ukraine, not minding much about leaving the miserable country in ruins, its map ruthlessly chopped and the economy in a perfect chaos. On the one side the EU or rather Berlin and Paris plus Washington and on […]

Greece at the mercy of ECB while sailing through uncharted waters

In the efforts to solve the latest Greek enigma, the European Central Bank has once more proved that when it comes to what matters more in the EU, the Eurozone, it constitutes the power house of the entire European edifice. The ECB emerges imbued by truly pan-European motives in serving the Union project. When the […]

Greece to stay in the euro area but the cost to its people remains elusive

The frantic search of the Greek government – pressed at home by an accelerating bank run which culminated last Friday with €1 billion withdrawals in a few hours – to achieve an agreement with its Eurozone partners ended up in an almost total retreat of Athens in front of its creditors. The Greek minister of […]

The “Legend of the Sun” wishes you Happy Chinese New Year 2015 from Brussels

The unique festive moment of the year for the followers of the lunar calendar has arrived. Last Wednesday the lunar New Year was widely celebrated in many parts of the world, particularly in China. 2015 is the “Year of the Sheep” for China, a year of peaceful coexistence, something that the world dearly needs. On this […]

Greece’s last Eurogroup or the beginning of a new solid European Union?

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. […]

Athens searches frantically for a new compromise between politics and economic reality

This week the new Greek government started faltering on all accounts. The young Prime Minister Alexis Tsipras, who got elected on 25 January under a populist banner to change everything in this crisis stricken nation, proposed Prokopis Pavlopoulos for President of the Republic, an old fox representing the corrupt and incompetent political system which governed […]

Deep chasm still divides Athens and Brussels; can Eurozone use the nuclear arm of liquidity against Greece?

Today the Eurogroup, the 19 Eurozone ministers of Finance at 3 o’clock in the afternoon will start discussing the future of Greece. It’s quite uncertain if a decision will be reached. Late last Saturday the technical consultations for the Monday meeting were concluded in Brussels. The preliminary work was realized by a group comprising Greek […]

EU Summit’s major takeaway: a handkerchief cannot save Greece from austerity

After Wednesday’s Eurogroup where Greece’s Minister of Finance, Yanis Varoufakis, “agreed to disagree” with his European counterparts, Grexit enthusiasts had a reason to celebrate in the evening. However, they did not count for the modern Hercules, Alexis Tsipras, who came tieless to his first EU Summit yesterday in Brussels but with plenty and trendy new […]

Greece and Ukraine main items on EU28 menu; the course is set

The world community will be watching very closely today’s gathering of the 28 leaders of the European Union in Brussels. The reason is that its agenda includes two crucial issues; the economic fate of Greece and a discussion on the outcome of a conference in Minsk, Belarus for the future of Ukraine. Yesterday afternoon both […]

What does Tsipras have to offer to the rest of Europe? Is it worth an early advance of €10 billion? Berlin sturdily denies it

The discussion about what is needed to get the European Union out of its economic stagnation is gaining momentum in many European capitals and Brussels, probably at the exception of Berlin. The German government still believes that Europe’s growth drivers are working, if not perfectly at least adequately, and rejects all initiatives to revive the […]

China-EU Relations: Broader, Higher and Stronger

Written by H.E. Ambassador Yang Yanyi, Head of the Mission of the People’s Republic of China to the European Union The year 2014 was a year of bumper harvest for China’s diplomacy as we made significant progress in both diplomatic philosophy and practice. China took a proactive approach in developing its relations with Europe while […]

Greece: The new government of Alexis Tsipras shows its colors

Alexis Tsipras, the new Prime Minister of Greece and leader of the radical militant left SYRIZA party, who won last Sunday’s legislative election with a 36.34% of the vote and fell short of an absolute majority by two seats in a Parliament of 300, presented on Tuesday his new awkward coalition government. He had promised […]

Alexis Tsipras ready to test Eurozone’s political sturdiness; Up to what point?

With the left-wing SYRIZA ready to form a new government in Athens, the party will be the first radical political formation to lead a Eurozone country, and its leader Alexis Tsipras will be the youngest Greek prime minister for more than one and a half century. The party won yesterday’s legislative election with an 8% […]

Can Kiev make face to mounting economic problems and social unrest?

The time of truth for the European Union’s strategy on the Ukrainian question finally came. Brussels is about to let the poor country not only be dismembered, but what will be left of it will be pushed into an economic and political inferno. As it happens, Commission President Jean-Claude Juncker essentially ‘ordered’ Kiev to “bring […]

Greece did it again

Last Monday, the Greek government scheduled an early Presidential election before the end of the year, which according to the constitution is to be held in the Parliament. If the Parliament proves unable to elect a new President of the Republic (180 votes are needed in a house of 300) a new legislative election must […]

How much more political is the new EU leadership? Does this include personal bend?

Judging from their first days in office, the new leadership of the European Union appears functioning on a much more ‘political’ platform than their Barroso-Rompuy predecessors. Actually Jean-Claude Juncker the one month old President of the European Commission had cautioned us all about that in his inaugural speech. Nevertheless, nobody had thought that Donald Tusk, […]