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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Forum Agenda 1. Eurozone shows signs of slow recovery The Eurozone economy grew by 0.3% in the first quarter of 2024, indicating a slow recovery after six quarters of stagnant or negative growth, Eurostat […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. Mixed picture for factory activity in Asia Factory activity in several Asian economies weakened in March, but there were some brighter signs in China and South Korea, according to new surveys and […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tamaz Georgadze, Chief Executive Officer,ย Raisin, Max von Bismarck, Chief Business Officer and Managing Director,ย Raisin The global and European financial landscapes alike have recently witnessed notable shifts in response to central banksโ monetary policy changes. The allure of traditional […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Forum Agenda This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: China’s GDP growth forecasts upgraded; Eurozone recession fears grow; UK narrowly avoids start of […]
This article is brought to you in association with theย European Commission. This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: Eurozone inflation slows; Australian releases 40-year economic forecast; Warning over extreme poverty in developing Asia. 1. Eurozone inflation slows further The latest data from Eurostat has […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. Eurozone returns to growth, inflation cools The Eurozone returned positive growth figures in the second quarter, with a higher-than-expected expansion in gross domestic product. GDP grew 0.3% โ a Reuters poll of […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author:ย Ian Shine, Senior Writer, Formative Content 1. India’s economy stutters, but remains on track to lead world growth India’s economic growth slowed further in October-December, but the government is retaining its growth forecast of 7% for 2022-2023 โ a […]
The European single market remains one of the EUโs greatest achievements and a key tool to protect people and businesses in times of crisis. Following a ceremony and debate at the start of the plenary session, Parliament adopted on Wednesday a resolution on the 30th anniversary of the EU single market with 537 votes in […]
This article is brought to you in association with theย European Commission. Prime Minister, dear Andrej, Madam President, dear Nataลกa, First of all, Happy New Year to the two of you and to everybody here around us. I am delighted to be here, with you, today. It is a day to celebrate. It is the season […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Has Eurozone inflation peaked? Eurozone inflation eased far more than expected in November, raising hopes that surging price growth is past its peak. But the European Central Bank’s (ECB) top names […]
This article is brought to you in association with theย European Parliament. The Commission has today welcomed the decision of the European Court of Auditors (ECA) to give the EU annual accounts a clean bill of health, for the 15th year in a row. The revenue part of the EU Budget also continues to be free […]
This article is brought to you in association with theย European Parliament. Yesterday, the European Investment Bank (EIB), the EU bank, disbursed the first tranches of the โฌ1.59 billion package of the Ukraine Solidarity Urgent Response, supported by an EU guarantee. The disbursed financing of โฌ500 million will help the Ukrainian government cover priority short-term financing […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content Global economic growth will slow to 3.2% this year from 6.1% in 2021, the IMF predicts. Europeโs economy is being particularly impacted by the war in Ukraine โ because of the rising […]
This article is brought to you in association with theย European Parliament. MEPs on Tuesday gave a favourable opinion to Croatiaโs bid to become the newest member of the eurozone from the 1st January 2023. Parliament, by 539 votes in favour, 45 votes against and 48 abstentions, adopted the report of Siegfried Mureศan (EPP, RO) stating […]
Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]
One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]
Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the โฌ2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]
At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers decided there cannot be turning back to normality, interest rates and debt wise. They say the thing must not be stopped from […]
This article is brought to you in association with theย European Parliament. Banks should charge equally for cross-border payments in euro and domestic payments and make currency conversion costs transparent, say new rules. On Thursday, the plenary adopted by 532 votes in favour, 22 against and 55 abstentions, new rules to end discrimination against payment service […]
Itโs an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]
Paris was a blockaded city this weekend. The government was forced to close down all the main tourist sites in the French capital. The Eiffel Tower, the Opera of Paris, the Louvre museum and tens of other sites which may attract the fury of the โyellow vestโ movement are closed and heavily guarded. Galerie Lafayette […]
Last week, the French President Emmanuel Macron and the German Chancellor Angela Merkel challenged the US President Trump by deciding to create a real European army. This week, the two European leaders said they are seriously working on the project to build a financial/trade-clearing mechanism, meant to override the American sanctions against Iran. In both […]
Angela Merkelโs era in Germany definitely comes to an end. It coincides, not necessarily in a causal manner, with the extreme right and xenophobic rising tendencies in the countryโs political and social structures. These developments will put not only Germany to a political limbo but they will also freeze the progress of the European Union […]
Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECBโs Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]
The announcement of the end of the monthly money injections into Eurozone by Mario Draghi, the President of the European Central Bank was not received in the capital markets as a hawkish toughening of monetary policy, as it theoretically should have been. The reasons are many. On the contrary, the euro lost more ground with […]
Finally, Germany blinked. Chancellor Angela Merkel at last decidedย to clearly respond and, up to a certain degree, uphold French President Emmanuel Macronโs ideas, about reforming the Eurozone, in order not only to save it from unraveling, but, ifย possibe, to make it more cohesive and stronger. In an interview to last Sundayโs issue of […]
the next Italian election is, very probably, to take place within the next few months or even weeks. Then, Berlin, the rest of Eurozone capitals and probably the entire western financial world will learn, if itโs still politically possible to ask just one countryโs taxpayers to save an obviously faltering global financial system. The test […]
Mario Draghi the President of ECB, speaking at the European University Institute in Florence, on 11 May 2018, must have been under the influence of the idealistic aura of this Florentine learning institution. He went as far as proposing political policies, bravely overstepping his role as central banker of Eurozone. Draghi asked for an effective […]
The divisive effect on Europe that Donald Trumpโs trade war has generated, takes on new dimensions now. Only the European Sting highlighted this aspect, when the President of โAmerica firstโ fired the first shots, igniting the trade skirmishes. The differences, about how to respond to the US trade aggression, between the French President Emmanuel […]
Last Thursday, 26 April Mario Draghi, tactfully left it to be understood that Eurozone may not any more grow so fast as we all knew it was doing until recently, and, consequently, the inflation goal of close to 2% may not be achievable. He communicated that by not repeating what he had said on 8 […]
A rare service Donald Trump is currently doing for the Europeans is that he offers them a platform for important common action to be undertaken by the French President Emmanuel Macron and the German Chancellor Angela Merkel. They are both visiting the White House this week, but expect quite different reception from Trump; pompous state […]
During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]
The too slow or non existing pace of wage increases is the main reason for the non revival of inflation in Eurozone. This is what Mario Draghi told the Economic Committee of the European Parliament last Monday. He added that this is why the economic slack in the euro area may be larger than we […]
