The four top Americans who flew to Europe perplexed things about Trump’s intentions

Jens Stoltenberg, NATO Secretary General (on the right) and James Mattis, the US Secretary of Defense delivered a joint statement after a bilateral meeting, in the context of the regular gathering of NATO ministers of defense. Brussels, Belgium, 15-16 February 2017. (NATO photo gallery).

Four top ranking Washington bigwigs – who flew to Munich, Brussels and Bonn to mend fences with Europe, after Donald Trump termed NATO ‘obsolete’ and rejoiced the unraveling of the EU, left the Europeans bewildered with the dangerously diverging stories they had to narrate. Only the extreme right wing, Polish Defense Minister Anton Macierewicz seemed […]

Europe led by Germany seems vulnerable to Trump’s threats

Yesterday in Rome Paolo Gentiloni, the Italian Prime Minister received Donald Tusk, the President of the European Council (from left to right). Shoot location: Rome – Italy. Shoot date: 01/02/2017. Copyright: European Union.

Trump’s America and Europe are obviously at odds. The question is how far this division will go? Unquestionably, it’s the new tenant of the White House who fuels this unseen before confrontation between the Atlantic allies, attached by a time cherished bonding that has politically and economically shaped the world as we know it so […]

Draghi repels Trump’s threats, rejects Schauble’s dictums

From left to right. Vítor Constâncio, Vice-President of ECB, Mario Draghi, President of ECB, Christine Graeff, Director General Communications ECB. Draghi explained the Governing Council’s latest monetary policy decisions and answered questions from journalists at a press conference on 19 January 2017 in Frankfurt am Main. (ECB Audiovisual Services. Some rights reserved).

Mario Draghi, the President of the European Central Bank, is under mounting pressures both at home and abroad. From the other side of the Atlantic US President Donald Trump is overtly targeting a much cheaper dollar compared to euro, while at his inaugural speech he clearly praised trade protectionism by saying, “Protection will lead to […]

Germany and Europe prepare for Trump’s America

European Council - October 2016. The EU Heads of State or Government met on 20 October 2016 in Brussels. The leaders discussed relations with Russia and the situation in Syria. From left to right: Lars Lokke Rasmussen, Danish Prime Minister, Angela Merkel, German Federal Chancellor, Xavier Bettel, Luxembourg Prime Minister. In the background Teresa May, Prime Minister of Britain is seen. Shoot location: Brussels – Belgium. Shoot date: 20/10/2016. Copyright: European Union.

Germany, and more generally the EU, is now preparing in earnest to confront the groundbreaking changes in their relations with Trump’s America. Last week, both the German Chancellor Angela Merkel and her Federal minister for Finance Wolfgang Schauble, made direct and indirect statements about the policies now needed for Germany and the European Union. On […]

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 […]

Merkel refuses to consider the North-South schism of Eurozone

Italian Prime Minister Matteo Renzi, German Chancellor Angela Merkel (on the right) and Donald Tusk European Council President (on the left), all shoveling soil at the foot of a small tree. However the tree was not planted on European soil. The planting took place on the occasion of the G7 Summit, which was held in Ise, Japan. Date: 26/05/2016. Location: Ise - Grand Shrine. © European Union, 2016 /Source: EC - Audiovisual Service / Photo: Ken Shimizu.

The European leaders who form the EU ‘directoire’ may get together as many times as they like, but still appear incapable of solving the club’s existential problems. Last Monday the German Chancellor Angela Merkel, the French President Francois Hollande and the Italian Prime Minister Matteo Renzi met in Naples to relaunch Europe, after the Brexit. […]

Will the outcome of the UK referendum “calm” the financial markets?

A view inside the London Stock Exchange.
© European Union , 2015 / Source: EC – Audiovisual Service / 
Location: London - Stock Exchange. Photo: Jack Taylor

Just one day left for both the Remain and Leave campaigners to persuade the undecided Britons to vote in their favor promoting what is best for their country. The world is about to finally find out what will be the outcome of the UK referendum with the reports and polls already showing reverse results compared to last […]

For how long and at what cost can the ECB continue printing trillions to keep euro area going?

European Central Bank Governing Council meeting in Vienna Austria, 2 June 2016. (ECB audiovisual services).

Last Tuesday Eurostat, the EU statistical service issued a Press release revealing that the GDP of Eurozone (EU19) and EU28 rose in the first quarter of this year by 1.7% and 1.8% respectively, compared with the same three-month period of 2015. On the yearly developments platform, there is more good news. The same source revealed […]

Eurozone’s central bank leadership prepares for shoddier prospects

The European Central Bank, under its President Mario Draghi (pictured here) injects every month tens of billions of newly printed euro into the Eurozone’s financial sector. The target is to revive the fading inflation and bring it towards the target of close to 2%, and by the same token revitalize the real economy. Towards this end the ECB bought public and private sector paper securities worth €85 billion in April under its expanded asset purchase program. (ECB Audiovisual Services).

It has become commonplace to state that the European economy still doesn’t fare well after six years of recession or practical stagnation. For good reasons however in the past few days the horizon looked particularly darkened. Negative statistical evidence and meandering statements by key people are indicative of that. Inflation or rather disinflation statistics, persistently […]

Why the ECB had to clarify it caters for the entire Eurozone not just Germany?

European Parliament. Committee on Economic and Monetary Affairs (ECON). Monetary Dialogue with the President of the European Central Bank Mario Draghi (on the left). Roberto Gualtiery (S&D, IT), Committee Chair accompanies Draghi to the meeting room. Copyright: � European Union 2016 - Source : EP. City: Brussels. Event Date: 15/02/2016.

Last Thursday morning this newspaper concluded that the “only EU institution with true European motives and vision remains the European Central Bank of Mario Draghi”. Just some hours later in that Thursday afternoon the European Sting was confirmed one hundred percent by Mario Draghi, the President of ECB, who said that “We have a mandate […]