Deutsche Bank again in the middle of the US-EU economic skirmishes

Deutsche Bank Towers – Headquarters in Frankfurt am Main, Germany. Taking a look into the lobby. (Deutsche Bank Audiovisual Service).

The US government is reacting in many ways against the fine in back taxes of €13 billion which the European Commission imposed on Apple. Firstly, Jack Lew, the American Secretary of the Treasury, accused the EU of grabbing tax incomes which belong to the US. On 31st August he said, “What’s not appropriate is for, […]

The EU responds to US challenges by fining Apple with €13 billion

Apple logo

Last Tuesday, the White House and the US Treasury in concerted actions issued farfetched statements against the EU Commission. The EU executive’s decision ordered the US giant technology company Apple Inc. to pay additional taxes of up to €13 billion in Ireland. These instant and strong reactions clearly denote that the US sees this Brussels […]

The European Union’s Balkan Double Standard

Corina Creţu, Member of the EC in charge of Regional Policy, was on visit in Dubrovnik, capital city of Croatia to take part in the 1st Forum of the EU Strategy for the Adriatic and Ionian Region (EUSAIR) © European Union , 2016   /  Source: EC - Audiovisual Service   /   Photo: Denis Lovrovic

This article was written for the Sting by two of our passionate readers, Mr Nenad Dumanovic and Mr Daniel Jankovic. The opinions expressed within reflect only the writers’ views and not The European Sting’s position on the issue. Over the past several years, analysts and commentators have noticed a rising tide of domestic support for the Croatian […]

EU free-trade agreements with Canada and US: imagine the fallout if put to national referendums

Jean-Claude Juncker, President of the European Commission, and several members of the EC College participated in the European Parliament plenary session and the weekly Commission meeting, which was held on 05/07/2016. From the left to the right: Kristalina Georgieva, Commissioner for Budget and Human Resources, Jean-Claude Juncker and Maros Sefcovic, Vice-President of Commission, in charge of Energy Union. Date: 05/07/2016. Location: Strasbourg – European Parliamnet.© European Union, 2016 / Photo: Jean-François Badias.

When it comes to ‘selling’ its proposals to EU member states’ government and peoples, the European Commission turns the calendar some centuries back and starts painting saintly icons. The more inportant the proposal it is, the more boldly the Commission hides the real ‘catch 22s’ from citizens, under the bright colors of imaginary gains for […]

Why do overwhelming proportions of EU’s youth feel excluded?

Visit by Marianne Thyssen, member of the European Commission in charge of Employment, Social Affairs, Skills and Labour Mobility to Greece. There, Thyssen attended a meeting regarding the "Voucher for youth up to 29 years old in private enterprises in the Tourism Sector to obtain work experience”. The various EU programs for training and work experience have not succeeded in alleviating the exclusion feeling of the EU’s youths. Date: 21/04/2016. Location: Athens. © European Union, 2016 / Photo: Yorgos Karahalis.

The Eurobarometer, the public opinion analysis tool of the European Commission, interviewed 10,294 Europeans aged between 16 and 30 in the 28 EU member states between 9 and 25 April 2016, and found that most of them feel economically and socially marginalized by the crisis. Of course, there are incredible differences among the member state countries, […]

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 […]

The EU Parliament blasts the Council about the tax dealings of the wealthy

European Parliament. Joint meeting of the Committee on Economic and Monetary Affairs (ECON) and the Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE). Exchange of views between the TAXE Committee President Alain Lamassoure (on the left) with Commission President Jean- Claude Juncker and Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici (on the right). (European Parliament Audiovisual Services. Event Date: 17/09/2015. Copyright: © European Union 2015).

The European Parliament once more honored its role as the authentic exponent of the will of the European citizens. Last Tuesday it dismissed as a “missed opportunity” the EU Council’s decision to water down the mandatory exchange of the ‘tax rulings’ between member states. A ‘tax ruling’ is a special taxation arrangement accorded to a […]

Eurozone stuck in a high risk deflation area; Draghi expects further price plunge

Jyrki Katainen, European commissioner in charge of Economic and Monetary Affairs and the Euro speaks at the plenary session of the European Parliament in Strasbourg about resource efficiency in the EU (Copyright: © European Union 2015 EP).

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 […]

The battle for the 2016 EU Budget to shake the Union; Commission and Parliament vs. Germany

Kristalina Georgieva Vice-President of the European Commission in charge of Budget and Human Resources on the left and Valdis Dombrovskis, Vice-Presidents of the EC, walking to take his position in the rostrum delivered a joint press conference on the conclusions of the weekly meeting of the Juncker Commission, which had focused on the EU Budget for 2016. (EC Audiovisual Services, 27/05/2015, Brussels – European Commission/Berlaymont).

Last Tuesday the European Parliament showed its teeth by angrily rejecting the cuts proposed by the Council to the EU budget for next year. The Commission also stated its concern at the Council’s budget cuts. Even though the Commission doesn’t participate directly in the negotiations between the Parliament and the Council, it acts as a […]

Why France, Italy and the US press Germany to accept a cheaper euro and pay for Greece

Discussion between Wolfgang Schäuble, German Federal Minister for Finance, on the left, and Pierre Moscovici, Member of the European Commission in charge of Economic and Financial Affairs, Taxation and Customs. They both participate in the meetings of Eurogroup, the key decision-making body in the Eurozone. These two men are by far the most influential persons in the euro area. (EC Audiovisual Services).

Since last March the European Central Bank has being pumping at least €60 billion a month into Eurozone’s financial system, under its ‘expanded asset purchase program’, aimed at reviving the stagnating price level and energizing the sleepy real economy. The objective is to bring inflation close to 2%; the target rate set by ECB’s monetary […]