The European Commission convened last Friday to discuss an assessment report about the implementation process of the COP21 Paris agreement which was adopted last December. Environment ministers teamed up and held a public debate only to conclude to what was already known; that the climate agreement must be followed and signed at the New York UN Headquarters in […]EU should invest more in climate and not sit back on its laurels and watch
March 9, 2016 by Leave a Comment
The European Commission convened last Friday to discuss an assessment report about the implementation process of the COP21 Paris agreement which was adopted last December. Environment ministers teamed up and held a public debate only to conclude to what was already known; that the climate agreement must be followed and signed at the New York UN Headquarters in […]Pumping more money into banks but leaving them unregulated doesn’t help
March 3, 2016 by Leave a Comment
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 […]Can the next financial crisis be avoided?
February 15, 2016 by Leave a Comment
The descent of prices in the world capital markets continued almost unhindered this past week and only last Friday financial, oil and commodity values gained some limited grounds. Altogether however, the major stock markets have erased trillions off their capitalization since last June, when the dark clouds gathered above the Chinese mega-cities of Shanghai and […]2016 crisis update: the year of the Red Fire Monkey burns the world’s markets down
February 10, 2016 by Leave a Comment
The Chinese New Year began two days ago and has brought already significant turbulences and volatilities to the global financial markets and economies. Luckily for the world’s second largest economy, Chinese stock markets are closed due to New Year’s festivities and haven’t experienced, at least yet, the losses of the European, U.S. and Japanese markets. This […]A Sting Exclusive: “China is Making Good Stories not Bad Ones”, Ambassador Yang highlights from Brussels
February 2, 2016 by Leave a Comment
Written by H.E. Ambassador Yang Yanyi, Head of the Chinese Mission to the EU A few days ago, I was chatting with some European business people. Naturally the conversation was focused on China. There were obvious worries and concerns. It was complained that China had been making “bad stories” over the past years – slowing […]Is there a way out of the next financial crisis? Can more printed money or austerity save us all?
February 1, 2016 by Leave a Comment
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 […]China’s 13th Five Year Plan and the opportunities for Europe
January 30, 2016 by Leave a Comment
Amid substantial interest of the global community about China’s growth and only a few months before the launch of the 13th five year plan of the country, a stimulating event took place in Brussels earlier this week analysing the aims of China’s new 2016-2020 development strategy. The event, which was organised by Friends of Europe, hosted two […]Why are the financial markets shivering again?
January 25, 2016 by Leave a Comment
The major central banks of the world are currently in the middle of a precise but of dubious results surgical operation on capital markets. On the one hand, the monetary authorities aim at supporting the real economy by injecting more cash into the financial system. On the other, they try to mitigate the risky super […]WEF Davos 2016 LIVE: “There is a communication issue (about China) which markets don’t like” Christine Lagarde, Managing Director of IMF stresses from Davos
January 21, 2016 by 1 Comment
At the second day of the World Economic Forum 2016 in Davos the world was anticipating very much the session on China’s outlook and how its growth slowdown affects the entire world. This issue was addressed in a session called “Where is the Chinese Economy heading?” which took place in Sanada room of the Davos Congress […]WEF Davos 2016 LIVE: “You just don’t know if the oil price will be 20$ or 100$ in the next 2-3 years!” top Harvard economist Kenneth Rogoff underscores from Davos
January 20, 2016 by Leave a Comment
It is the first day of the most important economic forum in the world and economy and financial markets are as every year in the foreground. The session called “Preventing Future Shocks” finished a couple of hours ago in the Sanada room in Davos with Maria Bartiromo, anchor and Global Markets Editor of Fox Business Network, […]EU to pay a dear price if the next crisis catches Eurozone stagnant and deflationary; dire statistics from Eurostat
January 11, 2016 by Leave a Comment
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
January 7, 2016 by Leave a Comment
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. […]COP21 Paris agreement: a non legally-binding climate pact won’t stop effectively global warming while EU’s Cañete throws hardest part to next Commission
December 16, 2015 by Leave a Comment
Last Saturday the COP21 Paris agreement was unanimously signed by 195 countries in Le Bourget, France. Everyone voted in favor of the new attempt to reverse the downhill of our planet regarding temperature rise and agreed to take all the necessary actions to cut all fossil fuels subsidies by the end of this century. This is seen by […]Volkswagen scandal update: “We want clarity fast, but it is equally important to have the complete picture”, Commission’s spokesperson underscores from Brussels
November 25, 2015 by Leave a Comment
More than two months have passed since the Volkswagen emissions scandal broke out and the company is still under thorough investigation revealing that many more vehicles are affected by the cheating software and the firm’s fraudulent techniques. Last Monday, the Volkswagen (VW) chief executive officer Matthias Müller stated in Wolfsburg, Germany that the majority of VW’s […]G20 LIVE: “International communities and leaders have great expectations for 2016 G20 summit in Hangzhou China”, Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy stresses live from G20 in Antalya Turkey
November 18, 2015 by Leave a Comment
During the second day of the G20 Leaders Summit in Antalya Turkey HE Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy for G20 gave a press conference regarding the G20 2015 developments and upcoming G20 2016 in China. The conference took place in the hotel hosting the International Media Center and the European Sting was certainly […]Greener economies and investment to reduce unemployment and increase global growth
November 6, 2015 by Leave a Comment
In less than a month now the UN Climate Conference will be taking place in Paris in order to implement measures that could reverse the downhill of the global climate. At the same time the Corporate Europe Observatory’s survey reveals that the European Commission (EC) is highly promoting the “dirty” energy companies more than the renewable […]Erdogan’s electoral win on a ‘me or chaos’ dilemma means trouble for everybody
November 5, 2015 by Leave a Comment
The dilemma ‘me or chaos’ that the Turkish President Recep Tayyip Erdogan hurled at his compatriots in last Sunday’s election paid dividends. And this despite the fact that he did what he could to produce frightening samples of the kind of chaos he had in mind. Understandably, then the Turkish voters didn’t give a super-majority […]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. […]China answers clearly to the European Commission’s investment negotiations with Taiwan
October 17, 2015 by 1 Comment
On October 14 the European Commission published a 26 page communication named “Trade for All: Towards a more responsible trade and investment policy“, where it describes a new investment approach of the EU. Cecilia Malmström, EU Commissioner for Trade, declared on the matter: “We’ve listened to the debate”…”Europeans know that trade can deliver jobs, growth and investment for […]The UN supports Europe’s military action in Libya and the Mediterranean; Russia and China agree
October 12, 2015 by Leave a Comment
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
October 1, 2015 by Leave a Comment
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 […]A Sting Exclusive: “The Chinese economy is steady and moving in the right direction”, Ambassador Yang of the Chinese Mission to EU underscores from Brussels
September 30, 2015 by Leave a Comment
Last summer stock markets in Europe and around the world suffered significant losses due to major turbulences in the Chinese markets. The European Sting following the matter very closely invited Mrs Yang Yanyi, Ambassador and Head of Mission of People’s Republic of China to the European Union, to provide her insights about the stock market plunge in China and also about […]How I met the Panda Woman
September 27, 2015 by Leave a Comment
Written by Katerina, CZ “When I was a child, approximately ten years old, I went to a fancy little fair in Brussels near Gare du Midi. I found my first panda teddy bear there, I spent money to buy it to sleep with it in my bed,” the brunet lady is telling me the story […]
IMAGINATION, FACTS AND OPPORTUNITIES – THE UNLIMITED POWER OF CHINA
September 27, 2015 by Leave a Comment
Written by Victoria, BG What is the first thing that is coming to your mind when I say China?For most of the people all over the world maybe it is the GREAT WALL OF CHINA, or maybe the FORBIDDEN CITY or THE TERRACOTTA ARMY or may be something else … Let me tell you […]
On our way to China
September 27, 2015 by Leave a Comment
By Natalia , PO Although almost every corner of the world has been discovered, everyone can be a discoverer. Going to a library or searching through the Internet’s news is enough to awaken tremendous curiosity for places and phenomena around us. We may not be shown on the front pages of some famous newspapers, but […]
The succesful cooperation
September 27, 2015 by Leave a Comment
By Cesaria, IT From Rome to Beijing there are 8075.26 kilometres. China has a territory of 9 596 691km2 big, Italian land has an extension of 301.338km2. Two countries apart two, so different their stile of life. China have faced and is stll facing enormous problems growing bigger as the time goes on. With the […]
A new global financial crisis develops fast; who denies it?
August 31, 2015 by Leave a Comment
During the last two weeks the world’s largest stock markets had a wild time not seen since Lehman Brothers went bust on 15 September 2008. The New York stock exchange in Wall Street lost more than 8% of its capitalization in a few days and then recovered some of the losses to close last Friday […]Climate change will never be combatted by EU alone while some G20 countries keep procrastinating
August 21, 2015 by Leave a Comment
The EU Commissioner of Climate Action and Energy stressed out yesterday the sluggishness of the required actions that must be taken in order to combat climate change effects. Miguel Arias Cañete was critical to some G20 countries that have not yet provided their climate contributions and are not helping to create a constructive agreement. The Commission’s official made […]China’s stock markets show recovery signs while EU is closely watching in anticipation of the €10bn investment
July 31, 2015 by Leave a Comment
The recent turbulence of the Chinese stock exchange has caused great concerns not only to the second biggest world economy but also to the European Union (EU) as a whole. Junker’s European Commission (EC) is anxiously waiting for China to invest in the EU given the fact that not long ago the Chinese Premier promised to […]Who is to lose from the 6-month extension of the EU economic sanctions against Russia?
June 24, 2015 by Leave a Comment
The European Foreign Ministers gathered in Luxembourg two days ago and decided to continue imposing economic sanctions to Russia for another six months. This shows the strong intention of Europe to weaken Russia’s power in Ukraine and thus put a stop on Russia’s imperialistic plans. However, Russia claims these sanctions as “illegal and unfounded” and will fight […]EU to lead one more fight against climate change at G7 summit
June 3, 2015 by Leave a Comment
The UN talks that are being held in the context of a 10-day climate conference in Bonn are highly crucial for the preparation of the final agreement that must be signed at the climate summit in Paris in 6 months from now. Therefore, officials from 190 nations are gathered in the German city to discuss […]A few, or rather two, trade and economic alliances may rule our brave new world
June 1, 2015 by Leave a Comment
Jean-Claude Juncker, the EU Commission President together with the Japanese Prime Minister Shinzo Abe gave a Press conference following the 23rd EU-Japan Summit which took place in Tokyo on 29 May. The focal point of the meeting was supposed to be the free trade agreement (FTA) between the two sides. However the EU dignitary spoke […]The Five Chinese Girls
May 31, 2015 by Leave a Comment
Written by Tracey, GB I have never been to China, but I have dreamed about arriving there. I will be met by five Chinese girls, all of them with bells ringing in their laughter and magic glittering in their dark eyes. They will be my guides throughout my journey. The first girl whispers folktales in […]
