Trump ‘used’ G20 to side with Putin and split climate and trade packs

While protesters were dynamically trying to reach the part of Hamburg where the G20 leaders of the largest economies of the world were gathered, the most powerful politicians of the globe were reduced to the status of viewers, in the Donald Trump and Vladimir Putin spectacle of rapprochement. Trump also ‘used’ the G20 to tell […]

Trump’s denial of Paris climate agreement; the US Republicans lash out against the world

Donald Trump’s withdrawal from the UN Paris Climate Agreement is a major foreign policy step, rather difficult to understand. For one thing, the American environmental industry technologically spearheads the world in this domain. The US is a global leader in electric vehicles production, where mainstream vehicles are one of the major contributors to air pollution. […]

Trump asked Merkel to pay NATO arrears and cut down exports ignoring the EU

The German Chancellor Angela Merkel returns to Berlin with a bill her country must pay to the US. The check was handed over to her personally by the American President Donald Trump last Friday at the White House. In a very clear manner he estimated what Germany owes to NATO, and indirectly to the US. […]

EU continues targeting on Chinese steel imports instead of the revival of its own economy

It was last Friday when the European Commission (EC) decided to impose temporary anti-dumping duties on imports of two steel products from China. Particularly, the duties concern hot-rolled flat steel and heavy plates of steel with EC’s investigations to show that Chinese products had been sold at extremely dumped prices. The Commission focuses on finding unfair […]

Are the G20 leaders ready to curb corporate tax-avoidance?

Last Monday, the G20 meeting in Hangzhou – the capital of China’s eastern Zhejiang province – the first gathering of the 20 world leaders to be held in the vast country, was not marked by the determination to face up to economic misery and the pitiless wars in Syria, Libya, South Soudan, Yemen, Mali and […]

Is Erdogan ready to tear down the bridges with Europe and the West?

Recep Tayyip Erdogan, the 12th Turkish President cut short the spell of ‘rapprochement’, between his country and the European Union, by briefly dismissing Prime Minister Ahment Davutoglu. The latter was the architect of the relevant March agreement concluded in Brussels, meant to regulate the flows of refugees and immigrants in the Aegean Sea. By the […]

G20 LIVE: G20 leaders reaffirm OECD’s role in ensuring strong, sustainable and inclusive growth

The leaders of the world’s 20 largest economies today endorsed overhauled global standards to crackdown on tax evasion and recognised the important contribution made by the OECD to help the Turkish presidency in achieving the goal of more inclusive growth. At their Summit in Antalya, Turkey, the G20 leaders committed to the implementation of the Base […]

G20 LIVE: “International communities and leaders have great expectations for 2016 G20 summit in Hangzhou China”, Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy stresses live from G20 in Antalya Turkey

During the second day of the G20 Leaders Summit in Antalya Turkey HE Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy for G20 gave a press conference regarding the G20 2015 developments and upcoming G20 2016 in China. The conference took place in the hotel hosting the International Media Center and the European Sting was certainly […]

G20 LIVE: G20 Statement on the fight against terrorism

We condemn, in the strongest possible terms, the heinous terrorist attacks in Paris on 13 November and in Ankara on 10 October. They are an unacceptable affront to all humanity. We extend our deepest condolences to the victims of terrorist attacks and their families. We reaffirm our solidarity and resolve in the fight against terrorism […]

G20 LIVE: “Re-envisioning the economy to enable women to reach their full potential” live from Antalya Turkey

Gender inequality pervades G20 economies and beyond. Women carry out the vast majority of unpaid labor around the world and are vastly overrepresented in informal, insecure and vulnerable employment. They are also subject to occupational discrimination and lack access to social protection and pension systems. Women’s unemployment accounts for three quarters of the global job […]

G20 LIVE: “United States and Turkey stand in solidarity with France and its people in handing the perpetrators of this crime and bringing them to justice”, US President Barack Obama underlines from G20 in Antalya Turkey

It was just before noon on November 15 in Antalya when the Turkish President Recep Tayyip Erdoğan gave a joint press conference with Barack Obama, president of the United States of America following the completion of their meeting in the context of the G20 Leaders’ Summit. The major topic that was discussed between the two leaders […]

G20 LIVE: “This was not an attack against France, this was an attack against the universal human values!”, EU President Juncker cries out from G20 in Antalya Turkey

G20 has just kicked off a few minutes ago with the joint press conference of President Juncker of the European Commission and President Tusk of the European Council. As expected, the very first words of the leaders were about the new horrible Paris attack of last Friday. Juncker’s Statement President Juncker firmly declared: “This was not […]

Refugee crisis update: EU seeks now close cooperation with Africa while Schulz is shocked to witness live one single wreck full of immigrants

Last Monday’s Extraordinary Justice and Home Affairs Council was meant to give just an update on the ongoing refugee crisis, a few days before the summit between EU and African leaders which in Valletta, Malta today and tomorrow. The Interior Ministers convened thus to discuss about the progress shown so far since the Western Balkans’ route summit […]

Four things Turkey did for business in the G20

This article was first published by the World Economic Forum Agenda on 29 October 2015 and the European Sting was authorised by WEF to republish it. Written by Sarp Kalkan, Anna Kurguzova and Ussal Sahbaz As we are coming closer to the B20 Summit in November, B20 Turkey is getting ready to pass the baton on to its partners from China. The […]

The European Sting writes down the history LIVE from G20 Leaders’ Summit in Turkey

Just a few days now remain until the world’s highest level Summit where the 20 most powerful leaders will convene. This year the exclusive G20 Leaders’ Summit will be taking place in Antalya Turkey on 15-16 November 2015. The Sting, faithful to the tradition it has created to cover the world’s most important Summits, like the […]

Climate change will never be combatted by EU alone while some G20 countries keep procrastinating

The EU Commissioner of Climate Action and Energy stressed out yesterday the sluggishness of the required actions that must be taken in order to combat climate change effects. Miguel Arias Cañete was critical to some G20 countries that have not yet provided their climate contributions and are not helping to create a constructive agreement. The Commission’s official made […]

The EU Parliament and the ECB unknowingly or unwillingly fail to protect our financial assets

This week the European Parliament and the European Central Bank rather unknowingly or unwillingly failed to protect the European citizens from the attacks of ‘money sharks’. In two different occasions the two most important European institutions secured the bankers reign on peoples’ money. Let us take one thing at a time. When the average hard […]

“For my children Italy will be an innovation lab and not a museum”; the Sting reports live from World Economic Forum 2015 in Davos

The World Economic Forum 2015 just started earlier this morning amidst the ice cold Swiss Alps. After facing the train delays in Klosters Platz and all the increased security control, we were all queuing to sit at the Congress Hall of Davos Congress centre. The first most important session for World Economic Forum 2015 yet to come just finished […]

Europe again the black sheep at the G20 Finance Ministers and Central Bank Governors

Last weekend the much anticipated G20 Finance Ministers’ and Central Bank Governors’ meeting happened in Cairns, Australia. It was very supportive and positive as far as the implementation of the necessary measures to boost the global economic growth in terms of GDP by an additional 1.8 per cent till 2018. This will be done through investments […]

G20: Less growth, more austerity for developing countries

  IMF – World Bank’s annual meetings and the G20 Finance ministers and central bank governors gathering in Washington D.C. this weekend proved two things; first that the world is more divided now, in the aftermath of the financial crisis and second and more important that the labouring millions of the globe in developing and […]

Obama turns the G20 summit into warmongering platform

In an unprecedented move the American President Barack Obama asked yesterday all and each one of the G20 leaders participating in the Saint Petersburg summit to back ‘his’ war against Syria by signing a paper (joint declaration) authorising the US to use military force. This is an attempt by the US to neutralise the United […]

Why lay people don’t expect anything good from G20

If restoring global confidence relied on G20 efforts to fight tax evasion and control money market funds (MMFs), then the earth could end up being a totally unsafe and risky place. Who can deny that it is like that today? Tax evasion grows fast and the same is true for financial profiteering. This last development […]

Everybody for himself in G20 and IMF

The G20 meeting of this last weekend evolved in the shadow of the confrontation between the US Secretary of Treasury, Jack Lew and the German Federal minister of Finance Wolfgang Schäuble. Obviously the subject of this antithesis was the reluctance of Eurozone to apply the American recipe for economic growth. That is the issue of […]

G20 to Germany: Abandon miser policies

Tomorrow Thursday 18 April, the 20 ministers of Finance and central bankers of the largest economies of the planet will meet in Washington DC to discuss and agree on policies over world financial and real economy affairs. The meeting takes place just hours after the International Monetary Fund issued its regular World Economic Outlook (see […]

Everybody against Japan over yen’s devaluation

Yesterday, Jörg Asmussen, Member of the ECB’s Executive Board speaking in an interview to a Greek newspaper said, that the issue of the Japanese yen devaluation should be referred to the G7 and the G20 councils. He added that if each-one goes for himself with national currency competitive devaluations, the outcome will be catastrophic for […]