Why responsible consumption is everyone’s business

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bibi la Luz Gonzalez, Founder, Eat Better Wa’ik Your closet. Your desk. Your drawers. Your private spaces never to be seen by guests or colleagues. These are the areas where we accumulate stuff. And they are where each one […]

“China will strive to enhance the performance of economic growth”, President Xi highlights from the World Economic Forum 2017 in Davos

The first day of the World Economic Forum (WEF) began with the opening plenary with Xi Jinping yesterday, President of the People’s Republic of China, monopolizing the interest of the global economic status quo convening these days at the Swiss Alps. This was the first time ever a Chinese President accepts the Davos invite and naturally all the […]

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

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 […]

Family incomes stagnate in the EU; people excluded from ‘moderate recovery’

The Brussels Eurocrats are trying to convince us all that the European economy, after the 2008-2010 fallout, is now on the right track towards an era of growth and financial security. However, real people out there are still waiting to taste the benefits of this impalpable improvement. Apart from the fact that Eurostat, the EU […]

How close is Eurozone to a new recession which may trigger formidable developments?

According to the latest statistics published in August by Eurostat, the EU statistical service, the euro area economy grew by a meager 0.3% during the second quarter of this year. Despite the fact that the mere three decimal points of more gross product typically illustrate a positive development for the Eurozone economy, there are other […]

Why EU’s working and unemployed millions remain uncertain or even desperate about their future

Statistical data for the Eurozone economy paint a rather misty picture. Labour costs, an indicator which can fairly describe the evolution of the total volume of wages, marks a distinct increase signaling a clear betterment of the situation of the working classes. On top of that, May inflation at 0.3% indicates that the rate of […]

Eurozone at risk of home-made deflation and recession

Tomorrow Tuesday, 5th April, the European Commission will present its ‘Spring European Economic Forecast’ including assessments and predictions about GDP, inflation, employment and government finance for 2014, 2015 and 2016. Good providence made sure that last Thursday Eurostat released its flash estimate of April inflation standing at the edge of zero percent, up by an […]

Eurozone stagnates after exporting its recession to trading partners

Today Eurostat, the EU statistical service, published its second and more accurate estimate for the euro area and the EU28 Gross National Product during the last quarter of 2013, and confirmed its flash estimate of 14 February when it had reported GDP increases of 0.3% and 0.4% respectively, in relation to the previous quarter. On […]

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: Retail sales and inflation point to recession

Retail sales in Eurozone point to recession, having lost in September a part of their volume. According to Eurostat, “In September 2013 compared with August 2013, “Food, drinks and tobacco” fell by 0.6% in the euro area and by 0.5% in the EU28. The non-food sector decreased by 0.1% in the euro area, but rose […]

Inegalitarian taxation on labour haunts Europe’s social model

At a time when labour is under serious pressures and threats in the entire European Union, taxation on labour wages continuous not only being the main source of government income but always increasing. Despite the fact that unemployment has reached historic records in the euro area, at 12.1% in March with one out of two […]

ECB indicates south Europeans can endure more austerity

According to a European Central Bank report which was published yesterday, the average household in south European countries like Cyprus, Greece, Spain and Italy possess more net wealth than their peers in the north (net wealth is defined as the difference between total assets and total liabilities). The obvious conclusion is that they can endure […]