This article is brought to you in association with the European Commission. Leaders of the G20 committed today to a series of actions to accelerate the end of the COVID-19 crisis everywhere and better prepare for future pandemics, at a summit co-hosted by European Commission President Ursula von der Leyen and Italian Prime Minister Mario Draghi, […]
Global leaders adopt agenda to overcome COVID-19 crisis and avoid future pandemics
May 24, 2021 by Leave a Comment
Why rent controls won’t solve the urban housing crisis
May 14, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jaime Luque, Professor, ESCP Business School & Kian Starsberg, Master’s student, Management, ESCP Business School Rent controls were at the heart of the recent Paris and London mayoral battles. Recent research suggests that rent controls negatively impact the […]
A perfect storm is pushing children in sub-Saharan Africa into crisis
March 23, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mohamed M. Malick Fall, Regional Director for Eastern and Southern Africa, UNICEF & Peter Holmes à Court, Special Correspondent, Analyst An estimated 30 million Africans slipped into extreme poverty in 2020 – the great majority of them under […]
President von der Leyen’s State of the Union Address: charting the course out of the coronavirus crisis and into the future
September 17, 2020 by Leave a Comment
This article is brought to you in association with the European Commission. European Commission President Ursula von der Leyen today pledged that the European Commission will drive a sustainable and transformational recovery that will give Europe a global platform to lead economically, environmentally and geopolitically. MAIN HIGHLIGHTS The response to coronavirus – and protecting Europe’s health […]
Statement by Commissioner for Crisis Management Janez Lenarčič on the explosion in Beirut, Lebanon
August 6, 2020 by 1 Comment
This article is brought to you in association with the European Commission. “We share the shock and sadness of the people of Beirut following the deadly explosion that has taken many lives and left many more injured. Our condolences go to all those that have lost loved ones. At this difficult time, the European Union offers […]
Bangladesh faces a crisis in remittances amid COVID-19
June 17, 2020 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Amil Aneja, Lead Specialist, Migration and Remittances, United Nations Capital Development Fund & Sheikh Tanjeb Islam, Community Lead, Regional Agenda, Asia Pacific, Global Leadership Fellow, World Economic Forum The coronavirus pandemic highlights the need for better cooperation over […]
The world must pull together to stem the urgent crisis in our ocean
June 1, 2020 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tetsuji Ida, Senior Staff Writer and Editorial Writer, Kyodo News The oceans are increasingly threatened by a host of different factors. To tackle these threats will require a fundamental change in the way the international community works and […]
COVID-19: Single market must emerge stronger from the crisis, say MEPs
May 26, 2020 by Leave a Comment
This article is brought to you in association with the European Parliament. Economic and Monetary Affairs Committee MEPs voiced concerns about the internal market during a debate with Commission Executive Vice-President Vestager on Monday. The majority of MEPs perceive the timely state aid schemes as a lifeline for companies during the COVID-19 crisis. However, they stress […]
AI can help with the COVID-19 crisis – but the right human input is key
March 30, 2020 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matissa Hollister, Assistant Professor of Organizational Behaviour, McGill University Artificial intelligence can help address coronavirus – if applied in a creative way. It is up to us to identify new and innovative ways to leverage what AI can […]
Afghanistan: EU reinforces humanitarian support with €40 million as crisis worsens
November 22, 2019 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has allocated an additional €40 million in emergency assistance for those affected by the worsening humanitarian situation in Afghanistan, as well as for Afghan refugees in neighbouring Pakistan and Iran. This brings total EU humanitarian aid for the Afghan crisis to […]
The new crisis is already creeping into the financial system
August 29, 2019 by 1 Comment
Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]
Urgent action needed to address growing opioid crisis
May 16, 2019 by Leave a Comment
This article is brought to you in association with OECD. Governments should treat the opioid epidemic as a public health crisis and improve treatment, care and support for people misusing opioids. Overdose deaths continue to rise, fuelled by an increase in prescription and over-prescription of opioids for pain management and the illicit drugs trade, according to […]
An economist explains what happens if there’s another financial crisis
May 1, 2019 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University & Ross Chainey, Digital Media Specialist, World Economic Forum The financial crisis of 2008 may have started in the US banking sector but it […]
These countries are home to the highest proportion of refugees in the world
March 20, 2019 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Senior Writer, Formative Content By the end of 2017, persecution, conflict and violence had forced 68.5 million people from their homes. That figure – from the UNHCR’s 2018 Global Trends Report – includes 25.4 million refugees (over […]
Growth is running out of steam. How do we prepare for the next crisis?
November 29, 2018 by Leave a Comment
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Guy Miller, Chief Market Strategist and Head of Macroeconomics, Zurich Insurance As the end of the year beckons and we ponder what the world will look like in 2019, the World Economic Forum’s latest report on Regional Risks […]
US-China trade war at point of no return: Washington’s demands go beyond tariffs
August 27, 2018 by Leave a Comment
It seems the US-China trade conflict, if not full scale trade war, is entering the phase of no return. Nothing will be as before in the economic and otherwise relations between the two largest economies of the world. Washington appears ready to push its cause to the end, while Beijing still pretends not to understand […]
IMF: All you want to know about Argentina
June 20, 2018 by Leave a Comment
This article is brought to you in association with the International Monetary Fund Written by IMF staff Frequently asked questions about Argentina, June 7, 2018 How much money will be disbursed to Argentina to support the new economic plan? Argentina and IMF staff have reached an agreement on an economic plan that can be supported by […]
‘Safe Eurobonds’: a new trick to betray the south euro area countries
February 1, 2018 by Leave a Comment
All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]
Banks, insurance giants are free again to abuse the real economy
November 16, 2017 by Leave a Comment
Not many years after the financial meltdown of 2008-2010, the main culpable parties for that global catastrophe, the big banks and the gigantic insurance companies are now commandingly asking the world to forget that. They demand to be again left completely unchecked, free to repeat what they did then; inflate all and every market to […]
Fed, ECB take positions to face the next global financial crisis; the Brits uncovered
November 6, 2017 by Leave a Comment
The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]
Deutsche Bank chased away from US, threatened with more fines
December 29, 2016 by Leave a Comment
The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]
IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized
October 10, 2016 by Leave a Comment
This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]
Merkel refuses to consider the North-South schism of Eurozone
August 29, 2016 by Leave a Comment
The European leaders who form the EU ‘directoire’ may get together as many times as they like, but still appear incapable of solving the club’s existential problems. Last Monday the German Chancellor Angela Merkel, the French President Francois Hollande and the Italian Prime Minister Matteo Renzi met in Naples to relaunch Europe, after the Brexit. […]
Deutsche Bank slammed by the US-based trio of IMF, Fed and Moody’s
July 4, 2016 by Leave a Comment
Last Thursday morning the International Monetary Fund and the American central bank, the Fed, simultaneously but in the face of it independently, issued warnings about the health of the largest German lender, the long ailing Deutsche Bank. A few days before that the US rating agency Moody’s had degraded the creditworthiness of the bank close […]
The Monetary Union drives Europe into dangerous paths, CoR demands an EMU of regional content
April 11, 2016 by Leave a Comment
Last Thursday 7 April, the European Committee of the Regions (CoR) concluded that there is “No successful reform of the Economic and Monetary Union without a regional dimension”. Indirectly, this means the EMU remains a system just to support the banking industry. In other words, the banks are still completely unregulated, high flying and counting […]
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 […]
Failing to see reality or deceiving the masses? The EU about poverty and social exclusion
February 11, 2016 by Leave a Comment
Some six years ago the European Union set targets for an ambitious project called “The Europe 2020 Strategy”. Amongst other equally fallacious if not deceitful objectives, the leaders of the 28 EU member states undersigned the Commission’s proposal to “lift 20 million people out of poverty and social exclusion by 2020”. No need to say […]
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 […]
European Youth Forum warns of a Peter Pan generation as a result of financial crisis and response to it
November 17, 2014 by Leave a Comment
Rome, 14th November 2014 // The policy responses to the economic crisis which began in 2008 have hit youth hardest, according to a new publication launched by the European Youth Forum today at a high-level event on youth employment in Rome. The publication “Youth in the Crisis: What Went Wrong?”, which examines in depth the […]
What can stop the ‘too big to fail’ bankers from terrorising the world?
November 13, 2014 by Leave a Comment
Last Monday 10 November the Financial Stability Board, an international non-binding body based in Basel which comprises government and central bank officials from G20 countries had a bright idea for the lenders. They admitted that the 30 “too big to fail” major world banks should retain at least 20% of their risky assets in own […]
EU’s new sanctions on Russia into force “in the next few days”: strength, weakness or strategy?
September 9, 2014 by Leave a Comment
Last Saturday appeared as the possible beginning of a new phase for the Ukraine-Russia question, after a ceasefire was signed in the Belarusian capital, Minsk, between the Ukrainian government and rebels on Friday. Although both sides claimed on Saturday that the other had violated the ceasefire, the Associated Press reported that Donetsk was relative calm, the […]
EU Parliament: A catastrophic crisis management by European leaders
March 13, 2014 by 1 Comment
The European Parliament once more confirmed its reputation as the authentic channel transiting the social and the economic realities the European people have to endure to decision makers. Yesterday, the MEPs disagreed with the Commission President Manuel Barroso and Dimitrios Kourkoulas, the Greek deputy Foreign Minister speaking for the Council Presidency, that economic recovery was […]
Rising political extremism in Europe escapes control
January 20, 2014 by Leave a Comment
Everybody knew it but ‘The Independent on Sunday’ said it this weekend; Nigel Farage’s UKIP political formation is the first choice of the Brits. The newspaper published a poll giving 27% to UKIP, 26% to Labour and 25% to Conservatives. Not to forget that last year this party got almost one-quarter of the English vote […]
