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 […]

Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

Deutsche Bank Towers – View of the entrance. Headquarters in Frankfurt am Main. (Deutsche Bank Audiovisual Services).

Last Monday David Folkerts-Landau, the chief economist of Deutsche Bank, the ailing largest lender of Germany, in an interview with the prestigious newspaper ‘Die Welt’ stated that European banks must be subsidized with €150 billion in rescue money to recapitalize. Obviously, it will be the taxpayers to once more provide the capital the euro area […]

EU revengefully shows no mercy to Cameron by demanding a fast and sloppy Brexit now

Mr David CAMERON, UK Prime Minister.
Shoot location: Brussels - BELGIUM
Shoot date: 28/06/2016
Copyright: No commercial use. Credit 'The European Union'

One of the most historicals EU summits is taking place today in Brussels with 27 instead of 28 member states attending the meeting, leaving Britain and David Cameron out due to the recent decision of the British people to vote in favor of leaving the European Union. The EU referendum has caused severe consequences not only to […]

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 […]

2016 crisis update: the year of the Red Fire Monkey burns the world’s markets down

STOXX Europe 600 Index record low: 10 January -09 February 2016

The Chinese New Year began two days ago and has brought already significant turbulences and volatilities to the global financial markets and economies. Luckily for the world’s second largest economy, Chinese stock markets are closed due to New Year’s festivities and haven’t experienced, at least yet, the losses of the European, U.S. and Japanese markets. This […]

Commission and ECB prepare new financial mega-tool in support of SMEs

Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro (on the right), gave a joint press conference on the meeting of the G20 Ministers for Finance with Mario Draghi, President of the European Central Bank (ECB). (EC Audiovisual Services).

Yesterday the two most important institutions of the European Union, the European Commission and the European Central Bank, separately unveiled their intentions to seriously engage in an effort to create a new policy tool in support of the Union’s Small and Medium Enterprises (SMEs) and defragment Eurozone’s financial markets .The Commission issued an announcement entitled, […]

The US reject EU proposal for prudential financial controls

Catherine Ashton, the British High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the EC, went to Washington where she met with John Kerry, US Secretary of State. (EC Audiovisual  Services). Ashton is visibly quite happy with what Kerry says. Probably Britain is closer to the US than to the EU.

The North Atlantic economic volume, comprising mainly Eurozone and Britain on the one side and US and Canada on the other constitute the largest almost uniform playfield. Of the two sides, however, the more dependant on the rest of the world is the American one and more precisely the US, with its huge double deficits, […]

European financial values on the rise

Participation of Michel Barnier, Member of the EC in charge of Internal Market and Services at the 'Financial Stability and the Single Market - The Keys to Growth in Europe' conference. (EC Audiovisual Services).

No doubt the screams, mainly coming from English language media, economists and commentators about the possible dissolution of Eurozone have now subsided and only some late comers in the league of those who have bet on Eurozone’s destruction still try to salvage their wrecks, by predicting catastrophe. On the other side of the fence those […]