Trump’s blasting win causes uncertainty and turbulence to the global financial markets

Van Rompuy meets top US CEO’s at NY stock exchange.
Location: New York, United States 
Date: 23/09/2011
© European Union
Source: EC – Audiovisual Service

So Donald Trump against all odds won the US elections and will become the 45th President of the United States of America. The latter had as a result to cause severe and immediate turbulences to the world’s financial markets which experienced serious losses in the first few hours of the elections. However, Trump’s victory speech that came right after […]

Gloomy new statistics signify no end to Eurozone’s economic misery

Professional training courses for unemployed at TechnoCampus, Gosselies - TechnoCampus aims to be a reference centre for training and awareness of new technology businesses. It’s located just behind the airport of Charleroi, in Belgium. With its integrated approach "design & manufacture", it offers training, upstream on drawing softwares, computer-aided design and quality control related training (metrology). (Date: 03/09/2015. Location: Gosselies. © European Union, 2015/Source: EC - Audiovisual Service / Photo: Maciej Szkopanski.

The economic misery of the Eurozone doesn’t seem to have an end. According to a preliminary estimate by Eurostat, the EU’s statistical service, GDP growth in the 19 member state monetary zone during the second quarter of this year was as miser as ever. On top of that, inflation continues to oscillate around zero, while […]

To Brexit or not to Brexit: British exceptionalism doesn’t allow any Obama telling Brits what to do

David Cameron in Brussels at the Roundtable of Heads of State or Government with Turkish Prime Minister on 17/03/2016.

Barack Obama visited the UK last week clearly in an attempt to boost the “Remain” campaign urging Britain to stay within the EU. This move has not yet been exactly measured as beneficial or not for David Cameron’s campaign but has certainly caused several reactions to the British voters about two months before the referendum. The […]

No recovery for EU economy in sight and a Brexit can aggravate things for everyone

Tom Segert, Director of Business Development of Berlin Space Technologies, on the right, providing some explanations on a technological feature to Valdis Dombrovskis, Vice-President of the EC. Dombrovskis visited Berlin to discuss economic and social policies in Germany and the EU. He also participated in a meeting to talk about the future of the Economic and Monetary Union. Date: 17/03/2016. Location: Berlin. © European Union , 2016 / Source: EC - Audiovisual Service / Photo: Steffi Loos.

The Eurozone economy doesn’t seem able to gain a sustainable growth path, despite the hundreds of billions that, lately, European Central Bank has injected into the financial system. Analysts say, though, that ECB’s intervention came too late. There is more bad news for the real economy coming from the prices front. Last week, Eurostat, the […]

Failing to see reality or deceiving the masses? The EU about poverty and social exclusion

Neven Mimica, Member of the EU Commission in charge of International Cooperation and Development (first from left, facing the camera, speaking) participatedin the 70th plenary session of the United Nations General Assembly. In this context, he took part in a conference entitled "Tackling inequalities, empowering women and girls and leaving no one behind - Interactive dialogue 2". Obviously not the EU nor the UN have managed to arrest the recent trends for more poverty in the entire world. (Date: 28/09/2015, Location: New York. © European Union , 2015/ Source: EC - Audiovisual Service/Photo: Johanna Leguerre).

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 […]

WEF Davos 2016 LIVE: The health of capitalism won’t be the only worry for those who head for Davos

Davos - Switzerlan, 14/1/2016 - View of Davos captured a few days before the opening of the 46th WEF annual meeting 2016. (swiss-image.ch/Photo Andy Mettler).

The great world fair of the super rich business people, bureaucrats, academics, journalists and powerful politicians starts tomorrow at Davos, in a tiny Alpen valley surrounded by snowy mountain tops radiating the winter sun. It’s the traditional Swiss way of doing business, by guaranteeing everybody that everything will evolve as planned and nothing will disturb […]

One more country to test the EU project: Kaczynski’s Poland

Jaroslaw Kaczynski, a Eurosceptic Polish politician, President of the Law and Justice party (PiS), which won last year an absolute majority in the legislative election and formed a single party government. © European Union, 2006 / Source: EC - Audiovisual Service / Photo: Christian Lambiotte .

Poland, with a population of 40 million or 8% of the EU is not the land locked and Russia loving Hungary that Brussels may easily pretend doesn’t exist. The October electoral triumph of the Eurosceptic, if not anti-EU, Law and Justice party (PiS) under the extreme right wing politician Jaroslaw Kaczynski, a rampant populist, decisively […]

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

ANTALYA, TURKEY - NOVEMBER 14 : Chinese President Xi Jinping arrives at the Antalya International Airport for the G20 Turkey Leaders Summit on November 14, 2015 in Antalya, Turkey. The 2015 G-20 Leaders Summit will be held in Antalya on November 15-16, 2015. Okan Ozer / Anadolu Agency

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 […]

G20 LIVE: “Re-envisioning the economy to enable women to reach their full potential” live from Antalya Turkey

ISTANBUL, TURKEY - OCTOBER 16: Turkish President Recep Tayyip Erdogan (C), his wife Emine Erdogan (L-6), Family and Social Affairs Minister Aysen Gurcan (L-5) and President of W20 Turkey Gulden Turktan (R-6) pose with participants during the Women-20 (W20) Summit in Istanbul, Turkey on October 16, 2015. Yasin Bulbul/Turkish Presidency Press Office / Anadolu Agency

Gender inequality pervades G20 economies and beyond. Women carry out the vast majority of unpaid labor around the world and are vastly overrepresented in informal, insecure and vulnerable employment. They are also subject to occupational discrimination and lack access to social protection and pension systems. Women’s unemployment accounts for three quarters of the global job […]

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

Pierre Moscovici, Member of the European Commission in charge of Economic and Financial Affairs, Taxation and Customs (on the right), gave a press conference on the 2015 Autumn Economic Forecast. He said that the economic recovery in the euro area and the European Union as a whole is now in its third year. On the left Margaritis Schinas, Chief European Commission Spokesman. (Date: 05/11/2015. Location: Brussels - EC/Berlaymont. © European Union, 2015/Source: Jacquemart Jennifer,Shimera ,EC - Audiovisual Service ).

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 […]