Britain in chaos: May stays as Tory leader and PM but none can defuse the Brexit time bomb

Yesterday night the embattled British Prime Minister and President of the Conservative Party, Theresa May, won an intraparty no confidence vote. This was a Tory party internal procedure, triggered by members of her own parliamentary group. In the final result 200 Conservative MPs voted for May and 117 against her. In this way, she secures […]

“As long as we work together through thick and thin, more benefits can be delivered to the people of Eurasia”, China’s Premier Li Keqiang highlights from ASEM in Brussels

The 12th ASEM (Asia-Europe-Meeting) Summit took place in Brussels on 18-19 October 2018, the first summit after ASEM enters its third decade. Fifty-one Eurasia leaders convened under the theme “Global Partners for Global Challenges”, which is definitely a contemporary theme given the global turbulences of our time. ASEM is the platform for dialogue between Asia and […]

The EU sides with China against the US; but has Germany capitulated to America?

If billions of EU penalties on American icon companies and U.S. super tariffs on European cars are strong and aggressive trade weapons, then yes the EU and the U.S. are at all out economic war. As in all wars, the difficult or even impossible thing is to predict its end. Unavoidably, there will be victims […]

EU and China to do more in common if the global scene gets worse

At a time of global trade, and not only, disorder, caused mainly by the US President of ‘America first’ Donald Trump, on 16 July in Beijing Europe and China held their 20th Summit. Both are targets of American trade aggression, but it seems the European Union is not yet ready to decisively join forces with […]

The missiles fired against Damascus, Syria divided Europe deeply

Last Friday night till the early hours of Saturday morning the US-France-Britain alliance attacked the Assad/Putin regime of Damascus, with a precipitation of missiles. Seemingly though, the hits have had a greater political impact on Europe than in Syria itself. Germany and Italy, the other two major European Union countries with strong interests in the […]

EU to Turkey: No other ties than €3+3bn to upkeep refugees

The EU-Turkey Summit in the Black Sea city of Varna last Monday was a chance for the Brussels dignitaries to throw a long list of severe European grievances in the face of President Recep Tayyip Erdogan. Jean-Claude Juncker, the President of the Commission and Donald Tusk, President of the European Council , went to the […]

Germany readies to pay for the Brexit gap in EU finance

As expected, last Friday’s informal European Council of the 27 EU leaders didn’t produce any tangible result regarding its main agenda item; the future of Europe. The EU leaders just quarreled on who is to cover the hole in the budget, after Britain’s contribution ends with Brexit. In relation to this perennial question of money […]

Will the end of QE come along with ECB’s inflation target?

The European Central Bank (ECB) will end its Quantitative Easing (QE) programme within the year as the Eurozone continues growing. However, the inflation rate which is not increasing as much as the ECB officials would like, stands as a barrier to its monetary policy. According to Reuters, sources close to the ECB mentioned that the […]

Migration crisis update: lack of solidarity not only among EU leaders but also EU officials

It was two days ago, on the anniversary of the International migration day, when the United Nations urged everyone to contribute to make migration safer in the world. The EU leaders gathered on December 14-15 in Brussels to discuss among others how to tackle refugee crisis. The key point which created disagreements was the letter from the […]

Hazy ‘breakthrough’ saves PM May, leaves Ireland in limbo: Brexit

With only a couple of hours sleep in the very early hours of last Friday, the British PM Theresa May boarded a RAF aircraft and landed in Brussels before dawn. Weary as she was, she rushed to Berlaymont building, the EU Commission headquarters. There she met Jean-Claude Juncker the President of the European Commission and […]

Britain offers more money for an orderly Brexit but the Irish question resurges

If last Friday’s Reuters report from Brussels is correct and Theresa May and Donald Tusk agreed to solve the Brexit dead-end in ten days, then the wild Brexiteers must have retreated  and the orderly exit side has won the first round. Tusk, the President of the European Council said in a tweet that he told […]

Do the giant banks ‘tell’ Britain to choose a good soft Brexit and ‘remain’ or else…?

It may be true that the world is tired watching Britain being completely confused about choosing the way to exit from the European Union. Yet, the almost schizo division plaguing the Brits and their political elites alike still paralyzes to this date the divorce negotiations. Countries to be most affected by Brexit like Holland are […]

Brexit: UK business fear of a no-deal scenario preparing for the worst

The Confederation of British Industry annual conference which took place last Monday in London was a chance for Prime Minister Theresa May to ask for more patience from the business world. Something though that seems to have been lost as negotiations show no significant progress and time presses both sides. A survey by the Chartered […]

EU Trust Fund for Africa: Can it be beneficial for Italy and tackle the migration crisis in the Mediterranean?

It was last week when the EU leaders met in Brussels to discuss how to support Italy with managing the refugees’ crisis in the central Mediterranean. The increase of the financial aid in the Trust Fund for Africa is believed to be one of the main ways to deal with this long-lasting issue. However, this […]

At last Britain considers a super-soft Brexit

After more than one year, the Brexit road map has been more or less drafted between the two opposing groups of the governing Tories, the hard Brexiteers and the Bremainers. Minister for Finance, Philip Hammond, and Trade minister, Liam Fox, leaders of the Bremainers and Brexiteers respectively, jointly wrote an article published in the last […]

After Brexit and Grexit, Brussels to deal with Poloust

After Grexit and Brexit that have both been haunting the European Union for quite some time, and will continue doing so in the foreseeable future, Brussels seems obliged to ponder Poloust that is kicking Poland out. The country is steadily sliding to rightwing coercion, under the leadership of Jaroslaw Kaczynski, a rampant populist, authoritarian and […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

19th EU-China Summit: A historical advance in the Chino-European rapprochement

Mainstream media and the two EU Presidents (Donald Tusk of the Council and Jean-Claude Juncker of the Commission), during and after last week’s groundbreaking 19th EU-China Summit (1-2 June), focused on the joint and unreserved pledge of Europe and China to wholeheartedly uphold the Paris Climate Agreement. This was a direct reply to Donald Trump’s […]

Twenty days that may remold the future of Europe

The next few weeks may indelibly stain the future of Europe. There are three issues which can irreparably hurt the Old Continent. Starting from Britain in the extreme northwest, this week the country showed that she risks plummeting into a jingoistic abyss. A confrontation with Spain about the Gibraltar Rock has provoked a wave of […]

EU Summit: Why was Poland isolated in opposing Tusk and the ‘multi speed’ Europe

Until last week’s summit (Thursday and Friday) of the 27+1 European leaders in Brussels, the exit of Britain from the European club was the tougher test for the club’s unity, which everybody was more or less getting ready to face up to. However, the Polish Prime Minister, a stocky middle aged woman, reversed that and […]

EU: Divided they stand on immigration and Trump hurricanes

The last Friday’s Malta Summit of the 28 minus 1 EU leaders, on emigration and the future of Europe, was convened amidst a steaming wider political environment within and without Europe. The Council could only agree upon on transferring another €200 million to the one of the at least two Libyan governments, that a small […]

Europe led by Germany seems vulnerable to Trump’s threats

Trump’s America and Europe are obviously at odds. The question is how far this division will go? Unquestionably, it’s the new tenant of the White House who fuels this unseen before confrontation between the Atlantic allies, attached by a time cherished bonding that has politically and economically shaped the world as we know it so […]

A shortened EU Summit admits failures, makes risky promises

Last Thursday, 15 December, the cut down to one day European Summit, confirmed that Europe continues on the wrong path. The 27 + 1 leaders acknowledged the complete failure of key policies regarding Syria and Turkey and kept making promises to Ukraine and Georgia they cannot honor. Unfortunately, Brussels refuses to learn the lessons still […]

UN member states express their will to tackle global migration but specific actions are still missing

Last Monday the world leaders convened at the UN’s summit in New York and adopted the New York Declaration for Migrants and Refugees; a document that contains commitments about dealing with the global issue of the large movements of refugees and migrants around the globe. All 193 countries have agreed to share global responsibility in order to […]

Will Merkel ever steer the EU migration Titanic and restore her power in Germany?

Angela Merkel’s meeting with Recep Tayyip Erdogan in the sidelines of the 11th G20 Summit held in China on 4-5 September was crucial for her political future. The German Chancellor and her party seem to be losing ground, particularly in Mecklenburg-West Pomerania due to their migration policies. The Christian Democratic Union of Germany lost 4 […]

Is it just visa-free travel that Erdogan demands from the EU to not break the migration deal?

Last Monday Mevlut Cavusoglu, Turkey’s Foreign Minister, mentioned in the German newspaper Bild that Turkey is most likely to step out of the refugee deal signed with the EU last March unless the latter provides to the Turks visa-free travel to the bloc in October. These comments come only a few days after the Turkish […]

Will the outcome of the UK referendum “calm” the financial markets?

Just one day left for both the Remain and Leave campaigners to persuade the undecided Britons to vote in their favor promoting what is best for their country. The world is about to finally find out what will be the outcome of the UK referendum with the reports and polls already showing reverse results compared to last […]

Brexit update: Leave campaign leads race but undecided voters will determine the outcome of the EU referendum

The time has come and the British citizens will have to take the faith of their country in their own hands. In just over a week they will decide whether they want to stay or leave the European Union with the rest of the world to wait the outcome with great anxiety. There have been […]

Tusk fights back while charismatic Boris goes against everybody in Brussels pushing the UK to leave the EU now or never

Last week Boris Johnson likened the EU to Adolf Hitler’s plans regarding the Old Continent’s domination. The politician favoring the “Leave” campaign clearly stated that the Brussels bureaucrats are using different kind of methods to unite Europe into a single state. Those statements led to Donald Tusk’s intervention who characterized the former London mayor’s sayings […]

Tsipras doesn’t seem to have learned his “almost Grexit” lesson and Greece faces again financial and political dead end

The teleconference of the EuroWorking Group which took place yesterday is the forerunner of the extraordinary meeting of the Finance Ministers of the Eurozone on May 9 where Greece’s programme review is about to be discussed. The outcome was, as expected, disappointing regarding the agreement between the two sides on the package of basic and […]