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 […]Eurozone recovery begins and other economics stories to read
May 20, 2024 by Leave a Comment
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 […]Eurozone inflation, Asian factory activity and other economics news to read
April 8, 2024 by Leave a Comment
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 […]How a paradigm shift in interest rates and expectations is reshaping the Eurozone’s financial landscape
January 16, 2024 by Leave a Comment
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, Raisin, Max von Bismarck, Chief Business Officer and Managing Director, Raisin The global and European financial landscapes alike have recently witnessed notable shifts in response to central banks’ monetary policy changes. The allure of traditional […]China’s growth forecasts upgraded, Eurozone recession fears and other economy news to read this week
November 13, 2023 by Leave a Comment
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 […]Eurozone inflation slows and other economics stories to read this week
August 29, 2023 by Leave a Comment
This article is brought to you in association with the 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 […]Eurozone returns to growth and other economics stories to read this week
August 7, 2023 by Leave a Comment
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% – a Reuters poll of […]India’s economy stutters, Eurozone inflation falls less than expected, and other economy stories you need to read this week
March 6, 2023 by Leave a Comment
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. 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 – a […]30 years of the EU single market: Time to face new challenges
January 19, 2023 by Leave a Comment
The European single market remains one of the EU’s 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 […]Statement by President von der Leyen at the joint press conference with Prime Minister Plenković and President Pirc Musar on the occasion of Croatia joining the Eurozone and Schengen area
January 2, 2023 by 1 Comment
This article is brought to you in association with the European Commission. Prime Minister, dear Andrej, Madam President, dear Nataša, 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 […]Has Eurozone inflation peaked? Plus other economy stories you need to read this week
December 2, 2022 by Leave a Comment
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 […]EU budget: EU accounts signed off the 15th year in a row
October 14, 2022 by Leave a Comment
This article is brought to you in association with the 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 […]EIB Group starts disbursements from €1.59 bn EIB Ukraine Solidarity Urgent Response package
September 16, 2022 by Leave a Comment
This article is brought to you in association with the European Parliament. Yesterday, the European Investment Bank (EIB), the EU bank, disbursed the first tranches of the €1.59 billion package of the Ukraine Solidarity Urgent Response, supported by an EU guarantee. The disbursed financing of €500 million will help the Ukrainian government cover priority short-term financing […]Inflation, employment, growth: The Eurozone’s economic outlook in 3 charts
August 11, 2022 by Leave a Comment
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.Europe’s economy is being particularly impacted by the war in Ukraine – because of the rising cost […]MEPs approve Croatia’s entry into the eurozone
July 6, 2022 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs on Tuesday gave a favourable opinion to Croatia’s 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 Mureșan (EPP, RO) stating […]Draghi’s negative interest rates help Eurozone’s cohesion
June 10, 2019 by 1 Comment
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 […]The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised
May 2, 2019 by 1 Comment
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 […]Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash
March 11, 2019 by Leave a Comment
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 €2.6 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 […]Fed and ECB prepare a new party for the financial sharks
February 21, 2019 by Leave a Comment
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 […]EU cross-border payments outside Eurozone: MEPs scrap excessive fees
February 15, 2019 by Leave a Comment
This article is brought to you in association with the 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 […]After globalization what? Europe’s long, straining shake-up post Davos wreckage
January 28, 2019 by Leave a Comment
It’s 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 […]The ‘yellow vests’ undermined Macron in France and the EU
December 10, 2018 by Leave a Comment
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 ‘yellow vest’ movement are closed and heavily guarded. Galerie Lafayette […]France, Germany challenge Trump’s America on Iran and the reign of the dollar
November 22, 2018 by Leave a Comment
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 […]German egotistic inward turn to badly hurt Europe after Merkel’s exit
November 1, 2018 by Leave a Comment
Angela Merkel’s 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 country’s 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 […]Draghi to lay his print on long term ECB policies prior to exiting next year
September 17, 2018 by Leave a Comment
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 ECB’s Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]Draghi to hold on zero interest rates until he leaves ECB
June 18, 2018 by 3 Comments
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 […]At last Germany to negotiate the costs for a really cohesive Eurozone
June 7, 2018 by Leave a Comment
Finally, Germany blinked. Chancellor Angela Merkel at last decided to clearly respond and, up to a certain degree, uphold French President Emmanuel Macron’s ideas, about reforming the Eurozone, in order not only to save it from unraveling, but, if possibe, to make it more cohesive and stronger. In an interview to last Sunday’s issue of […]Why Italy will not follow the Greek road; Eurozone to change or unravel
May 31, 2018 by Leave a Comment
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 it’s still politically possible to ask just one country’s taxpayers to save an obviously faltering global financial system. The test […]Draghi joined Macron in telling Germany how Eurozone must be reformed
May 17, 2018 by Leave a Comment
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 […]Macron and Trump press Merkel to recycle the German trade surpluses
May 7, 2018 by Leave a Comment
The divisive effect on Europe that Donald Trump’s trade war has generated, takes on new dimensions now. Only the European Sting highlighted this aspect, when the President of ‘America first’ fired the first shots, igniting the trade skirmishes. The differences, about how to respond to the US trade aggression, between the French President Emmanuel […]The ECB must extend its money stimulus beyond 2018: Draghi reckoning
April 30, 2018 by Leave a Comment
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 […]Macron crowned king of Europe in Washington D.C.; just a working meeting with Trump for Merkel
April 26, 2018 by Leave a Comment
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 […]Draghi strives to control the unruly exploitation of financial markets by banking leviathans
March 12, 2018 by Leave a Comment
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 […]Draghi tells the EU Parliament his relaxed policies are here to stay
March 1, 2018 by Leave a Comment
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 […]
