financial crisis – The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

The Americans are preparing for the next financial crisis

October 3, 2016 by Dennis Kefalakos Leave a Comment

Last week, Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, in more than one ways revealed that the American central bank prepares to confront the next financial downturn. On Wednesday, 28 September, speaking at the House Financial Services Committee in Washington D.C. , she defended the Fed’s rigorous supervision over […]

Filed Under: Economy, EUGlobe, Policy, USA, World Tagged With: AfD, American banks, bail-out, bank capitalisation, banks, Berlin, CDU, Commerzbank, Deutsche Bank, Donald Trump, economic crisis, Eurosceptic, Eurozone, Fed, Federal Reserve System, financial Armageddon, financial crisis, Germany, Greek, Hillary Clinton, House Financial Services Committee, Italian, Janet Yellen, Kansas City, Milton Friedman's Helicopter, stress test, taxpayers, too big to fail, US, US Department of Justice, US President, Washington D.C.

Merkel refuses to consider the North-South schism of Eurozone

August 29, 2016 by Dennis Kefalakos Leave a Comment

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. […]

Filed Under: Economy, Eurozone, Policy Tagged With: Angela Merkel, banks, Berlin, crisis, debt crisis, ECB, EU, euro, euro area, European Central Bank, European Union, Eurozone, Eurozone banks, financial crisis, France, Francois Hollande, German Chancellor, Germany, Italian Prime Minister, Italy, Joseph Stiglitz, Matteo Renzi, Paris

Failing to see reality or deceiving the masses? The EU about poverty and social exclusion

February 11, 2016 by Dennis Kefalakos Leave a Comment

Some six years ago the European Union set targets for an ambitious project called “The Europe 2020 Strategy”. Amongst other equally fallacious if not deceitful objectives, the leaders of the 28 EU member states undersigned the Commission’s proposal to “lift 20 million people out of poverty and social exclusion by 2020”. No need to say […]

Filed Under: Employment & Social Affairs, Policy Tagged With: at-risk-of-poverty, Belgium, Bulgaria, crisis, Economy, Eurofound, European Commission, European Council, Eurostat, financial crisis, Germany, Greece, poverty, Romani, single parent family, social exclusion, society, socio-economic

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

January 14, 2016 by Dennis Kefalakos 1 Comment

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 […]

Filed Under: Policy, Politics Tagged With: Alexis Tsipras, Berlin, Britain, Brussels, Economy, employment nt, EU, Europe, European Commission, Eurosceptic, financial crisis, Germany, Greece, immigration, Italy, Jaroslaw Kaczynski, Law and Justice Party, London, mini jobs, Paris, PiS, Poland, populism, Portugal, right wing, Spain, terrorism, unemployment

Why EU’s working and unemployed millions remain uncertain or even desperate about their future

June 25, 2015 by Dennis Kefalakos Leave a Comment

Statistical data for the Eurozone economy paint a rather misty picture. Labour costs, an indicator which can fairly describe the evolution of the total volume of wages, marks a distinct increase signaling a clear betterment of the situation of the working classes. On top of that, May inflation at 0.3% indicates that the rate of […]

Filed Under: Economy, Employment & Social Affairs, Eurozone, Policy Tagged With: BeneLux, consumption, Employment, EU, European Union, Eurostat, financial crisis, industry, inflation, labour cost, labour mobility, production, remuneration, social dumping, Thyssen, trade unions, uncertainty, unemployment

Prevent future crises and empower youth – now!

September 4, 2014 by European Youth Forum Leave a Comment

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 Leonie Martin & Angelika Schenk, JEF Europe The financial crisis has hit the young generation exceptionally hard: whilst an average of 10.2 percent of […]

Filed Under: Employment & Social Affairs, European Youth Insights, Policy Tagged With: Angelika Schenk, European Union, European Youth, European Youth Forum, financial crisis, JEF, Leonie Martin, Young European Federalists, Youth Entrepreneurship, youth unemployment

The EU Commission by serving the banks offers poor support to European mainstream political parties

May 17, 2014 by Dennis Kefalakos Leave a Comment

The 2008-2012 financial aka banking crisis and its devastating repercussions on the European Union, with deep recession and skyrocketing unemployment, are the main reasons why the EU political and economic establishment shivers ahead of the 22-25 May elections fearing a possible disastrous result. Eurosceptic extremists, nationalists and harlequins may occupy an increased part of the […]

Filed Under: Employment & Social Affairs, Policy Tagged With: banks, Commission, Draghi, ECB, financial crisis, loans, Manuel Barroso, markets, Michel Barnier, SMEs

Fair completion rules and the law of gravity don’t apply to banks

December 19, 2013 by Elias Lacon Leave a Comment

There is no end to EU Commission’s approvals of state aid and government bailouts of hundreds of EU struggling banks, as if the extensive fair competition legislation of the Union is valid for every other sector of the economy at the exception of banks. In the latest incident, the EU competition authorities actually looked the […]