Alexis Tsipras against internal and external “enemies” in pursue of a two-phase deal now

The Greek government and particularly the Prime Minister Alexis Tsipras is currently looking at a deal with the creditors but is facing both interior and exterior “enemies”.  Mr Tsipras had extensive talks yesterday in Athens with the government’s officials in order to inform them about the negotiations’ progress. The Finance Minister of Greece – “pop star”, […]

Greece lost a month that cannot be found neither in “mini Summits” nor in Berlin

It has been one long month since the Greek deal on the Eurogroup of 20 February where Greece and the rest of the Eurozone agreed to give to the former a four-month extension of the loan agreement. However, the Greek government does not seem to cooperate with the three institutions (ECB, IMF, EU) to actively and urgently […]

“France will be there, it will always be there!”, French President Hollande says in a rather disorganised speech; the Sting reports live from World Economic Forum 2015 in Davos

He was expected before noon but he stumbled upon some snowfall, Mrs Lagarde had told us earlier in the morning during the session on Climate change. Mr Hollande finally made it to the Davos Congress Center, where his political speech started at 14.30 pm. Professor Schwab, founder of the World Economic Forum, welcomed the French President […]

France pushes UK to stay and Germany to pay

Emmanuel Macron, France’s minister of Economy, visited London this week in an attempt to step up for his country’s future policy reforms. Among others, Macron announced that Britain must remain an EU member state and that Germany should invest in the EU. However, it was not mentioned anything about the fines that the European Commission […]

Hollande protects the euro from the attacks of extremists

On 8 May, on the anniversary of the Allied Forces victory against Nazi Germany marking the end of World War II, François Hollande, the French president, used the occasion to defend the European project. He wished that all the French citizens could listen to what he had to say. To this effect the French president […]

Is a deal over EU budget possible today?

The Anglo-German understanding prevailed today in Brussels and the European Union spending will be further cut, below the level proposed by the European Council President, Herman Van Rompuy, in November. Actual payments during the seven year period of 2014-2020 will be restricted to €908 billion, close to what Germany wanted and a bit more than […]

What our leaders hide from us

Europe had a very interesting day yesterday. Let’s see why. First was the British PM who delayed the EU Summit for five hours, then an agreement was announced to reduce the Irish sovereign debt by €20 billion and finally it was Mario Draghi, who helped contain the hike of the euro vis-à-vis the dollar, just […]

Berlin repels proposal for cheaper euro

“No, the euro is not overvalued, if the long-term tendencies are taken into account”, said yesterday Angela Merkel’s spokesman, Steffen Zaimpert, in Berlin, as if the rest of the Eurozone was not existing. He added that the long-term competitiveness cannot be achieved through monetary measures and accommodating exchange rate policy. Seemingly the European Sting was […]

3+1 issues to haunt tomorrow’s EU Summit

Tomorrow’s European Council Summit has a very loaded agenda, with first item on it the pending agreement over EU’s proper budgets for the next seven years. Apart from this there are another two crucial matters the 27 leaders have to tackle, namely the bilateral trade agreements with Europe’s main trading partners (meaning Japan, US and […]

Everybody against Germany over the expensive euro

At last Francois Hollande said it. The French President in a strong statement yesterday said the Eurozone must have an exchange rate policy for the euro. It was high time that Hollande said that, because no other Eurozone leader has the weight to demand such a ground-breaking monetary policy change. So far all European Central […]

France: New labour laws for more competitiveness

Only hours had passed, after Olli Rehn, Vice-President of the European Commission responsible for Economic and Monetary Affairs early in the morning of Friday 11 January in Brussels had accused France  of doing little to regain its lost competitiveness, and in Paris during the same afternoon three labour unions agreed with employers on a package deal […]