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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Andrew Berkley, Project Lead, Data Science and Analysis, World Economic Forum & John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum Earlier this week, Rep. Alexandria Ocasio-Cortez injected a dose of reality into a hearing on America’s worsening student […]
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 […]
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. […]
Yesterday’s Eurogroup was devoted rather to the…IMF than to the burning issues of Eurozone, like bank recovery and resolution and deposit guarantee schemes. Probably the reason for this change was that Reza Moghadam, the IMF’s European Department director, was present and his main criticism of Eurozone’s economy was that it suffers from “weak banks and over-indebted […]
As it usually happens in the European Union, a much debated and infested with conflicting interests major issue, like the bank recapitalisation, will not be decided upon in one go but it will remain open for as much time as needed to mitigate differences. Yesterday evening the Eurogroup meeting, which usually precedes the Ecofin Council […]
Eurogroup President and minister for Finance of Holland, Jeroen Dijsselbloem, in an unexpected move this week sent his peers a letter to invite them to their 20 June meeting in Luxembourg, asking them to think about taking a decision on a possible recapitalisation of Eurozone banks directly from the European Stability Mechanism, with retroactive enforcement. […]
According to a Eurostat analysis of EU27’s household final consumption expenditure, the Baltic countries and Greece are still suffering most from the economic and financial crisis. The two authors of the report, Christine Gerstberger and Daniela Yaneva, stress that consumption is a key indicator of citizens’ well-being, with housing, energy, transport and food accounting for […]
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