WEF Davos 2016 LIVE: “We need more Schengen but reinforce control!”, France’s Minister of Economy Emmanuel Macron emphasises from Davos

Earlier today in Davos, WEF organized one more session on Europe in order to find ways to deal with one of the most important issues that the old continent is facing which is no other than the refugee crisis. The session that took place in the Sanada room was called “Europe at a tipping point” and was moderated by Lyse […]

WEF Davos 2016 LIVE: “No other problem has jeopardised the EU as much as the refugee question” Joachim Gauck, President of the Federal Republic of Germany, cries out from Davos

Migration crisis is one of the most important issues in Europe currently and Klaus Schwab, Founder and Executive Chairman of the World Economic Forum invited yesterday Joachim Gauck, President of the Federal Republic of Germany, to speak about this heartrending problem since the German Chancellor is not attending the WEF this year. The plenary session […]

One more country to test the EU project: Kaczynski’s Poland

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 […]

Terrorism and migrants: the two awful nightmares for Europe and Germany in 2016

Less than two weeks have passed since the dawn of 2016 and terrorism and the migration crisis continue afflicting Europe and especially Germany. Yesterday’s horrible terrorist attack in Istanbul that caused the lives of at least 10 people and left 15 injured shocked the entire world and particularly Angela Merkel since eight Germans were among the victims. Terrorism left […]

Schengen is losing ground fast revealing Europe’s clear inability to deal with migration crisis

It was last Monday when Sweden decided to impose ID-checks at its borders with Denmark. Of course, this action didn’t remain unanswered by Denmark which tightened controls at its southern border with Germany. This anti-Schengen spirit has been created by the influx of migrants and refugees coming to Europe daily in thousands and is meant to stop undocumented […]

COP21 Paris agreement: a non legally-binding climate pact won’t stop effectively global warming while EU’s Cañete throws hardest part to next Commission

Last Saturday the COP21 Paris agreement was unanimously signed by 195 countries in Le Bourget, France. Everyone voted in favor of the new attempt to reverse the downhill of our planet regarding temperature rise and agreed to take all the necessary actions to cut all fossil fuels subsidies by the end of this century. This is seen by […]

Unemployment and immigrants haunt the EU; who can offer relief?

On Tuesday 1st December, Eurostat the EU statistical service reminded us all that in the euro area the October unemployment rate still remained in the double digit region with 10.7%. Understandably, this is the official percentage of people without a job, while the real unemployment rate may be double that, as this newspaper has proved, […]

Volkswagen scandal update: “We want clarity fast, but it is equally important to have the complete picture”, Commission’s spokesperson underscores from Brussels

More than two months have passed since the Volkswagen emissions scandal broke out and the company is still under thorough investigation revealing that many more vehicles are affected by the cheating software and the firm’s fraudulent techniques. Last Monday, the Volkswagen (VW) chief executive officer Matthias Müller stated in Wolfsburg, Germany that the majority of VW’s […]

EU responds to terror fallout by eroding borderless Europe and molesting the refugees

The very title of the Press release which the extraordinary Justice and Home Affairs Council of the European Union issued after its 20 November meeting, is quite indicative of the multiple fractures that the Union suffers after the terrorist attacks, which took place in Paris on 13 November 2015. The title reads as follows: “Conclusions […]

The European Sting writes down the history LIVE from G20 Leaders’ Summit in Turkey

Just a few days now remain until the world’s highest level Summit where the 20 most powerful leaders will convene. This year the exclusive G20 Leaders’ Summit will be taking place in Antalya Turkey on 15-16 November 2015. The Sting, faithful to the tradition it has created to cover the world’s most important Summits, like the […]

The UN supports Europe’s military action in Libya and the Mediterranean; Russia and China agree

Last Friday 9 October the UN Security Council and its five permanent members unanimously decided to actually trade entire nations and geographical regions between them. To this effect they authorized the European Union to employ warships in the Libyan waters to “board ships for inspection, seize and even dispose of vessels suspected of being used […]

China is the first non-EU country to invest in Europe’s €315 billion Plan

China is the first non-EU country to contribute to the Juncker Commission’s €315 billion Investment Plan. Until today only nine out of the 28 EU countries have announced their participation in this major project aimed at reviving the sluggish European economy. Beijing has not yet specified the amount to be invested in the Plan but […]

Two major EU projects falter; the Schengen Agreement now freezes and Eurozone fails to resolve the Greek enigma

The usually so cool north Europeans seem to have lost their composure when the first waves of refugees and immigrants reached their borders. Germany and Austria within a few days made full immigration policy u-turns and finally closed their borders. Both Chancellors, Angela Merkel in Berlin and Werner Faymann in Vienna, said last week they […]

The new general election will secure Greece’s position in Eurozone; at least for some time

The very next day that the Greek government signed a three year Memorandum of Understanding (MoU) for a new stability support program of €86 billion with the European Commission, Prime Minister Alexis Tsipras triggered an early legislative election. To do this he had to resign and according to the constitution, the President of the Republic […]

ECB: Euro area should smooth out the consumption and income shocks of its members

Last Tuesday Brussels celebrated the return of the Eurozone inflation to positive grounds after five straight months of deflation (negative inflation). Some EU Commission economists, among others, assume that three positive decimal points of change of the level of consumer prices in May (0.3%), can signal the return of the economy to growth. Under an […]

Spanish and Polish voters are crying out for an imminent European change while US urge now Germany to change route

The election outcomes in Spain and Poland last week were enough to cause even more uncertainty and turbulences to the already shaken European economy. The European leaders and especially Germany is facing another thorn while they struggle to come to a deal with Greece, which focuses on the austerity policy that is constantly followed by the […]

MasterCard at European Business Summit 2015: A focus on innovation will drive inclusive economic growth for Europe

Written by Ann Cairns, President of MasterCard, International Markets This year’s European Business Summit’s entitled “Europe 4.0 – Delivering a vision for the future of Europe” falls on the same day as the general elections in the UK which could prove crucial for the future of both, the UK and Europe. At a time when […]

Charlie’s tragedy energized deeper feelings amongst Europeans; back to basics?

With a superfluity of hypocrisy and a thirst for positive media exposure the European political leaders marched last Sunday in the streets of Paris, to tell the world ‘Je suis Charlie’. It’s most uncertain if anyone of them knew what the ‘Charlie Hebdo’ was before the atrocity in the premises of the journal. Bernard Holtrop, […]

Young people are Europe’s biggest value and hope

European Youth Insights is a platform provided by the European Youth Forum and the European Sting, to allow young people to air their views on issues that matter to them. Written by Ivan Burazin, Vice Chairman of European Democrat Students Never in history there have been as many young people in the world as right now. […]

Why and how did ISIS and Muslim fundamentalism gain momentum this year?

The European Investment Bank chose the perfect timing at the end of the year to take stock of its support to Egypt, or probably not? On 22 December 2014 EIB published a Press release entitled “Supporting Egypt’s democratic transition: a priority for EIB totalling more than €800 m of projects financed over the last three […]

The West definitively cuts Russia off from the developed world

Last weekend’s G20 Summit in Brisbane Australia in a direct way ineradicably mapped the abyss now dividing the West from Russia. American and European leaders including Barack Obama, Angela Merkel and David Cameron threatened Russia with more sanctions, meant to completely cut her off from western markets and besiege her economy, if Moscow doesn’t stop […]

Europe again the black sheep at the G20 Finance Ministers and Central Bank Governors

Last weekend the much anticipated G20 Finance Ministers’ and Central Bank Governors’ meeting happened in Cairns, Australia. It was very supportive and positive as far as the implementation of the necessary measures to boost the global economic growth in terms of GDP by an additional 1.8 per cent till 2018. This will be done through investments […]

Google’s hot summer never ends: EC to launch ANOTHER antitrust inquiry against the American giant

We must admit it: this is not exactly a quiet summer for Google. Not in the Old Continent at least. After the “Right To Be Forgotten” case has disturbed Google’s top management’s sleep recently, a new dark cloud may come soon. According to Reuters, the Mountain View, California-based company may soon face a new probe […]

Intel, Almunia and 1 billion euros for unfair potatoes

“The General Court upholds the fine of 1.06 billion euros ($ 1.4 billions) imposed on Intel for having abused its dominant position on the market for x86 central processing units between 2002 and 2007”. With these words the judge of the General Court of the European Union dismissed Intel’s action against the decision of the Commission […]

Will Europe be a different place this Monday?

According to the latest projections, the four traditional and clearly pro-EU parties or rather Parliamentary groupings, that is the center-right European Peoples Party (EEP), the center-left Socialists and Democrats (S&D), the centrist Alliance of Liberals & Democrats for Europe (ALDE) and the ecology group Greens-European Free Alliance (G/EFA) are expected to win a clear victory […]

Europe united in not supporting a US attack on Syria

The Lithuanian Foreign Minister, Linas Linkevičius, whose country is currently holding the rotating president of the EU Council, during the workings of last Saturday’s informal meeting of the 28 Foreign Affairs ministers in Vilnius supported so openly and provocatively the US positions on Syria, to the point that only his tiny and deeply anti-Russian country […]

What lessons to draw from the destruction of Syria

Three major Middle East countries, Iraq, Egypt and Syria are in a transitory phase or in deadly civil war and all of them being threatened with effective partitioning. After Iraq, the US supported actively by Britain, is now planning an attack to Syria which will certainly lead to a partitioning of the country. In this […]

Where is Egypt leading the Middle East and the Mediterranean economy?

There is no doubt that the Egyptian experiment of democratic political and economic transformation of the country by the Muslim Brotherhood has failed in every respect and the West recognised it. No wonder why no western government or the UN termed the intervention of the Egyptian army and the toppling of President Mohamed Morsi, as […]

Is the West gradually losing Africa?

At a time when the West on both sides of the North Atlantic Ocean is consumed with its internal financial problems as in the European Union’s Eurozone or just exhausting the limits of government borrowing as the US does, the BRICS countries are expanding their presence in the world, taking advantage of their economic strength […]

European tourism remains a strong growth factor

The mighty European services industry offers more jobs and employment despite the ongoing financial crisis. Tourism, being the largest service sub-sector offers a strong support base to the recession stricken Eurozone economy. Yesterday the European Commission published a Eurobarometer survey on the tourism industry, with very encouraging findings. According to this survey, “Tourism’s robust and […]

The European Parliament fails to really restrict the rating agencies

The European Parliament adopted yesterday tougher rules for the issuance of creditworthiness ratings on governments and private businesses by the relevant agencies. Obviously the new legislation was voted in relation with and aims to set new restrictions on the activities of the three largest of them, namely Standard & Poor’s, Moody’s and Fitch IBCA. But […]

Chinese “BeiDou” GPS goes to market

Towards the end of last year Beijing announced the opening of its Geostatic Positioning System for civic and commercial users in the region of Asia and Pacific, adding that the China Satellite Navigation Office is working fast to extend the area covered by this satellite umbrella named “BeiDou”. A GPS system “provides location and time information […]

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