If Macron defies Britain about the banks, Paris and London to clash over ‘La Manche’

None of the two winners of yesterday’s first round in the French Presidential election, the pro EU banker Emmanuel Macron (23.9%) and the anti-EU and xenophobic Marine Le Pen (21.4%) is to make things easier for their country. However, the same is true for the British PM Theresa May. The latter’s decision to call an […]

Europe eyes to replace US as China’s prime foreign partner

Last Tuesday, Rex Tillerson, the US Secretary of State, received in Washington the top Chinese diplomat Yang Jiechi , in an effort to establish a “regular high-level engagement” with China, after President Donald Trump has practically destroyed the until recently multiple channels of problem solving and interaction between the two super powers. Obviously, Tillerson felt […]

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

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

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

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

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?

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’

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

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

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

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

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 […]

Greece’s Tsipras: Risking country and Eurozone or securing an extra argument for creditors?

The Greek Prime Minister Alexis Tsipras and his governing left wing SYRIZA party, cornered between its populist rhetoric for greener grass and the realities of the dragging on negotiations with the country’s creditors, called for a referendum next Sunday 5 July without a clearly defined question, denying to exactly clarify where the ‘yes’ or the […]

Have Europe’s Ukrainian wounds begun to heal?

The wounds the Ukrainian civil war has inflicted on Europe have now stopped bleeding and if not begun healing at least they claim no more fatalities. The Minsk II agreement is holding well and the Europeans, most of them, have made clear to the Americans that there is no chance of starting a new war […]

Happens now in Brussels: Green Week sets the EU and global climate policy agenda

Brussels is all green this week. The eyes of Europe are focusing these days on the Egg Centre, where the 2014 edition of the Green Week is taking place. The conference centre in Rue Bara is hosting the biggest annual event on European environmental policy, whose theme this year is “Circular Economy, Resource Efficiency and Waste”. […]

Bertelsmann Stiftung @ European Business Summit 2014: Transatlantic Free Trade Agreement (TTIP) needs balanced approach

Written by Aart de Geus, Chairman & CEO of the Bertelsmann Stiftung The successful completion of world trade talks on Bali last December is already considered historic. One hundred fifty-nine countries agreed to simplify world trade by having fewer customs regulations and more uniform trade rules. Does that make a Transatlantic Free Trade Agreement, like the […]

Ukraine: The West and Russia negotiate shares of influence

The seriousness of approach, the magnitude of the interest and the pertinence of the proposal the European Union adopted yesterday to end the stalemate in Ukraine can be seen in the kind of money the EU sets aside for this country. José Manuel Barroso, President of the European Commission stated yesterday that the Union can […]

Tools of asset development: Renewable Energy Projects case

Energy Forecast Pan European 2014 Outlook organized by Premier Cercle in Brussels has become a platform for networking between the EU officials, key market players and financial institution representatives. In February delegates had a unique opportunity at the center of Brussels to discuss long-term trends, perspectives, and challenges in energy sector in Europe and worldwide. Political, […]

Asking for more restriction on intra EU immigration: Unproductive and politically dangerous

For the average EU citizen, the right of free movement within the Union’s borders, is the most important and visible attainment in the sixty year history of the European Union. Very few Europeans are in a position to appreciate the advantages of the free movement of capital and goods, while everybody understands and benefits from […]

New phenomena in the EU labour market

Everybody feels that the economic crisis haunting Eurozone increases the divergence between its northern and southern segments. It’s Eurostat however, the EU statistical service, that gave solid proof to this general feeling. Eurostat writer Martin Teichgraber undertook the task to analyse the impact that this crisis has on the labour market, in a paper entitled […]

EU plans to exploit the Mediterranean Sea and the wealth beneath it

At a time when the Mediterranean Sea is not at its most peaceful times the European Commission presented a study which finds that the “establishment of maritime zones, including Exclusive Economic Zones (EEZs), in the Mediterranean would benefit the EU’s Blue Growth and wider sustainability agendas”. The study is entitled “Costs and benefits arising from […]

EU unfolds strategy on the Egypt question

The European Union seems to have finally concluded that the ‘Muslim Brotherhood’ is a basic ingredient in Egypt’s political future and there will be no long-term viable solution of the present stalemate in this country without it. Despite the fact that the EU’s High Representative Catherine Ashton has adopted, along with the rest of the […]

Eurozone plans return to growth

After Dr Wolfgang Schaeuble, the German minister of Finance stated that it was a fair decision by Brussels to give France two more years to straighten up its fiscal accounts, the climate in Eurozone has changed from winter to spring. Up to now Paris was at odds with Berlin over the severe austerity policies imposed […]

EU: All economic indicators in free fall

It’s a real disappointment to follow the business climate indicator (BCI) table during the last months. As from April 2012 this index is stuck in a continuous downward course and not once in the thirteen month period, from April 2012 to April 2013, this indicator didn’t record a positive price. The continuous line of the […]

Commission considers anti-dumping duty on Chinese solar glass imports

The European Commission launched today (Thursday 28 February), an anti-dumping investigation into imports of solar glass from China. According to the relevant official announcement, “The initiation is based on a complaint lodged by the association European Union ProSun Glass, which claims solar glass from China is being dumped in the EU at prices below market […]

EU plans pan-European network of cybersecurity services

The European Union proposes the creation of a pan-European network of digital security services. Last week, Neelie Kroes, Commissioner for the Digital Agenda, Catherine Ashton, High Representative for Foreign Affairs and Security Policy and Cecilia Malmström, Member of the EC in charge of Home Affairs, made jointly the relevant announcement. They unveiled a plan for […]

€5 billion of EU energy efficiency project money spent on “comfort”

The European Commission does not spare big words and photographic opportunities for Commissioners, whenever launching a new initiative or securing political agreement for a regulation. And they are doing this all the time. It seems like they spent all their energy and resources in conceiving new rules on everything. And of course they always need […]

EU Commission draws the wrong conclusions

According to the last Eurobarometer survey on Entrepreneurship, when the Europeans are asked, “What holds them back from starting up a business”, a large majority of EU respondents think that it is difficult to start one’s own business due to a lack of available financial support (79%) and due to the complexities of the administrative […]

IMF: Sorry Greece, Ireland, Portugal we were wrong!

Sorry Greece, Ireland and Portugal says now the International Monetary Fund, we have grossly underestimated the negative effect on your economies, from our draconian austerity policies we recommended two years ago. This unbelievably blatant recognition, that the Fund, together with the EU Commission and the European Central Bank are applying wrong policies to the over-borrowed […]