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This article is brought to you in association with the European Parliament. MEPs call for EU resources that match ambitions on research, environment, transport, energy, telecom, defence, space and digitalisation under the 2021-2027 EU budget. Following Parliament’s adoption of its position on the EU’s long-term budget (2021-2027 multiannual financial framework – MFF), MEPs are this week […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Jonathan Wichmann, Co-founder, Wichmann/Schmidt For millennia, the finance industry has been a primary culprit in global warming. Now it’s time for finance to right its wrongs and provide the solution. It’s easy to read about the current and […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer How broken is Europe? With daily headlines about the UK leaving the bloc and rising populism in other countries, it’s easy to become disillusioned. Now, some blue-sky thinkers say they have the answer: a new […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Oren Pinsky, Project Coordinator, Internet for All, Latin America, World Economic Forum Geneva & Sebastian Cabello, Head, Latin America, GSMA Using the internet is expensive for most of the world’s population. Africans spend 17% of their average income […]
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 […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Elizabeth St-Onge, Partner, Financial Services, Oliver Wyman & Ege Gürdeniz, Principal, Digital, Technology, and Analytics, Oliver Wyman Banks are rolling out machine-learning applications to handle all manner of tasks once reserved for humans, from customer service to automated […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Pushpam Kumar, Chief, Ecosystem Services Economics Unit It is critically important we monitor societal progress and design responsive policies to 21s- century challenges, such as climate change, the marginalization of more than a billion people, resource depletion and […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Miguel Milano, President, Salesforce The concept of building shareholder value has been a driving force of business since companies began to go public. Yet as businesses and governments adjust to the new realities of the Fourth Industrial Revolution, […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Sasja Beslik, Head, Sustainable Finance, Nordea Bank “There is no time to lose: sustainable finance is the answer.” Such a ringing endorsement for our sector is always welcome – all the more so when it appears in The […]
During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
This newspaper has been following very closely the Eurostat statistics, including inflation, which paint an accurate picture of Eurozone’s economic condition. Then, not without good reason, during the last few months or even years the European Sting didn’t share the reserved optimism of Brussels about euro area’s prospects and unfortunately Eurostat confirmed this prediction once […]
It only happens once a year in Brussels and the time is now. The European business leaders gather presently in the Belgian and EU’s capital for two days to stage the European Business Summit. It started yesterday Wednesday 6 May and is concluding today. The business leaders are taking stock of the present and plan […]
This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]
Slowly but surely Euro area inflation rate heads for the zero zone, making decision makers nervous and everybody else, especially the unemployed young even more pessimistic and passive about their present situation and the future prospects. And all that is happening in this part of the globe where only a few years ago the Europeans […]
If things continue on their present course, there is no indication that in the foreseeable future the Eurozone inflation rate could start performing its desirable role again and could signify, or probably even trigger a new period of economic expansion. If the European Central Bank continues resisting the pressures for substantial monetary quantitative easing, the […]
At the end of the first quarter of the year (end March 2014) the Eurozone economy doesn’t show any signs of change from its subdued state of the last twelve months. The bearish and widely diverging resumption of activities still prevails, after the four-year recession period which theoretically ended at the second quarter of 2013, […]
This morning the German Federal Statistical Office issued a Press release revealing that the country grew by a mere 0.4% last year. This is almost half than the 0.7% GDP increase that Germany recorded in 2012. Along the same line of developments, Eurostat, the EU statistical office, published a Press release estimating that the Eurozone […]
Yesterday, as expected, the European Central Bank kept its basic interest rate unchanged at 0.25%. As usually, the decision was taken in the meeting of the bank’s Governing Council, the first of 2014. At this almost zero interest rate cost commercial banks get ample liquidity from the ECB and then lend this money to the […]
The European Commission announced yesterday that 13 member states of the EU are in the danger area of macroeconomic imbalances. The bell tolls about Bulgaria, Denmark, France, Italy, Hungary, Malta, the Netherlands, Finland, Sweden and the United Kingdom. In must be noted that the three countries (Greece, Portugal, Ireland) plus Cyprus which already apply rehabilitation […]
EU leaders in their last summit of mid-October appeared ready to make another systemic blunder. After creating a limping Eurozone, with a common currency but not common rules for sovereign debt issues, now they discuss the institutionalisation of a common EU budget and a Brussels “supremo of Finance”. And all that with no political legitimacy. […]
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Happens in Brussels
