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 […]Family incomes stagnate in the EU; people excluded from ‘moderate recovery’
November 12, 2015 by Leave a Comment
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 […]Eurozone stuck in a high risk deflation area; Draghi expects further price plunge
October 5, 2015 by Leave a Comment
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 […]European Business Summit 2015: In search of a vision for the future
May 7, 2015 by Leave a Comment
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 […]Will Eurozone be able to repay its debts? Is a bubble forming there?
April 23, 2015 by Leave a Comment
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 […]There is a way for Eurozone to reach a sustainable growth path
September 22, 2014 by Leave a Comment
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 […]Europe can easily exit from stagnation if Germany changes perspective
July 22, 2014 by Leave a Comment
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 […]Data show EU Economy in a stubbornly subdued state
March 29, 2014 by 1 Comment
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, […]No way out for Eurozone’s stagnating economy
January 15, 2014 by Leave a Comment
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 […]Predicting two more years of economic stagnation
January 10, 2014 by Leave a Comment
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 […]Which EU countries have to correct their economic policies?
April 11, 2013 by Leave a Comment
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 […]Long live Eurozone’s bank supervisor down with the EU budget supremo
November 9, 2012 by Leave a Comment
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. […]
