Elections results: Austerity’s black to prevail in the new multicolored German government

During the past ten years, Germany has become a politically boring country and yesterday’s election is not going to change that, despite the loss of around one million votes for the Chancellor’s party. Angela Merkel’s win came to none’s surprise and the results permit her to embark on a fourth term in the top job. […]

Refugee crisis update: EU still lacks solidarity as Hungary and Slovakia refuse to accept EU Court’s decision

It was last Wednesday when the Court of Justice of the European Union rejected a challenge by Hungary and Slovakia regarding their denial on relocating refugees from Greece and Italy. Both countries though do not intend to change their position on the issue. Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos mentioned that there has […]

Draghi’s 2018 compromise: enough money printing to revive inflation and check euro ascent

Last Thursday Mario Draghi, the President of the European Central Bank, reassured the Eurozone banking conglomerates they will continue being blessed with zero cost money, well into the foreseeable future. He stated, “one thing is clear; the bottom line is that interest rates will stay, as it’s written here, at the present levels (zero for […]

Brexit: Britain and the Continent fighting the battle of Waterloo again

The British Prime Minister Theresa May is amidst an agonizing effort to put together a decent package of trade deals or at least initial and relevant MOUs for the after Brexit era. The obvious reason for that is to convince the Brits and the Parliament that her country will survive after March 2019, in case […]

EU and African leaders to jointly tackle the migration crisis across the Mediterranean

It was last week when the leaders of Italy, France, Germany and Spain met in Paris with the African leaders of Chad, Niger and Libya to discuss on how to manage the influx of migrants through Libya and across the Mediterranean. Emmanuel Macron, the French president, hosted the summit and mentioned that refugee crisis is […]

Is euro to repeat its past highs with the dollar?

The strengthening of the euro vis-à-vis the US dollar is taking alarming proportions, puzzling markets and the European Central Bank. The Eurozone single currency has gained 14% from the beginning of the year, with the tempo of appreciation accelerating. It gained around 10% during the summer. For around three years, the ECB has been following […]

China and UK relations post Brexit as EU addresses Chinese takeovers

Chinese acquisitions of European companies have attracted the attention of the EU’s largest economies, who requested from the Commission to play a more active role on deciding whether these takeovers are ‘politically driven’ or not. The president of the EC, Jean-Claude Juncker, in turn, is expected to announce plans on how to manage foreign investments […]

Has the EU economy truly revived from the financial crisis?

Last week the European Commission published a press release regarding EU’s recovery from the financial crisis where it is mentioned that the EU, after 10 years since that start of the crisis, is back to growth because of the EU influential actions. What is more, it was announced yesterday that Germany’s gross domestic product in […]

Berlin vies for a Germanic European Central Bank

Last week, the deep German state struck again targeting the heart of Eurozone. The hit was effectuated by Sabine Lautenschläger, a middle aged Stuttgart born ex BaFin (Federal Financial Supervisory Authority) employee and presently member of the powerful executive board of the European Central Bank. Sabine now wants the ECB to abandon its extraordinary monetary […]

Trump’s Russian affair spills over and upsets Europe

The turmoil in the American political system, caused by President Donald Trump’s Russian affair is having spillovers in Europe. Of course, it’s not the first time that Trump and his out of control political ‘inspirations’ instigate trouble for the Old Continent and the rest of the world. This time however, the US Congress prepares new […]

The ECB accuses the politicians of inaction, continues injecting billions to banks

Last Saturday 8 July the Belgian newspaper De Standaard published an interview with Peter Praet, Member of the Executive Board and chief economist of the European Central Bank. Praet said it plainly “We do say that we still need a long period of accommodative policy before we are ready”. What he means by ‘being ready’ […]

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 […]

PM May fosters chauvinism, declares trade war on Europe

  Theresa May, the British PM seems to be so badly cornered by the dreadful reality she and her Brexiteer colleagues have driven their country into, that they have now started acting as if in a collective delusion. Reportedly, they have officially informed the business leaders of the entire UK, that the government may abandon […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

The EU slams Theresa May’s Brexit option; sets base for own European defense, security platform

Last week’s EU Summit in Brussels set a solid base for the frictionless functioning of the European Union of 27, minus Britain. For one thing, the UK Prime Minister Theresa May fell on a solid wall of distrust. The mainland leaders ostentatiously repelled her vague offer, about the position after the Brexit of the around […]

Macron has the deputies but not the people’s consent for his far reaching reforms

The French electoral system of ‘two Sundays’ has permitted Emmanuel Macron to become President, despite being the first choice of only 24.015% of the voters on the first electoral round of Sunday 23 April. Then, exactly for the same reason, his newly born party “La République en marche” (REM or LREM) is now estimated to […]

ECB intervenes to clean May’s and Schäuble’s mess

Last Thursday 8 June, on the day the Britons were punishing Theresa May for her mistakes and arrogance, the European Central Bank under Mario Draghi was preparing for a less favorable politico-economic environment and a much longer disinflationary period. Indirectly, Mario Draghi blamed the dying out inflation on the avowed neoliberals, of the kind of […]

19th EU-China Summit: A historical advance in the Chino-European rapprochement

Mainstream media and the two EU Presidents (Donald Tusk of the Council and Jean-Claude Juncker of the Commission), during and after last week’s groundbreaking 19th EU-China Summit (1-2 June), focused on the joint and unreserved pledge of Europe and China to wholeheartedly uphold the Paris Climate Agreement. This was a direct reply to Donald Trump’s […]

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. […]

Germany caught with selfish double standards in euro area policy

Over the past three years the European Central Bank, guided by its President Mario Draghi, has been folowing a super relaxed monetary policy. It has been aiming at reviving uncertain economic growth and dying inflation, by handing out to banks, and through them to the economy, hundreds of billions of euro and at the same […]

Trump enrages the Europeans and isolates the US in G7

Last Thursday, Donald Trump, at a superb hall in the new glass and steel NATO building in Brussels, delivered an unruly speech, after having pushed aside Prime Minister Dusko Markovic of Montenegro (the related video has become viral) while walking towards the rostrum. He came out with a blatant and derogatory account aimed at 23 […]

China dazzles the world with her Silk Road plan to connect, Asia, Europe and Africa

More than 30 political leaders and government representatives from 110 countries participate in the Belt and Road Forum China organizes in Beijing on Sunday and Monday 14 and 15 May. The Forum extended an invitation to all the countries of the world, the international organizations and businesses and aspires to be an all inclusive global […]

The ECB again takes care of the bankers not the people

Last week the European Central Bank surprised everybody by letting it be known that interest rates will “remain at present or lower levels for an extended period of time, and well past the horizon of our net asset purchases”. To be noted, presently, the main refinancing operations interest rate is zero. Of course, the markets […]

Trump to subject the Fed, challenge the ECB and make Wall St. bankers even richer

It’s obvious by now that the European Central Bank and its President Mario Draghi are following a diametrically opposite monetary policy than the American central bank, the famous FeD. Both Draghi and ECB Vice President Vítor Constâncio have loudly reassured everybody that the Eurozone’s central bank will continue injecting €60 to €80 billion a month […]

ECB steadily continues monetary easing policy as EU economy gains momentum

European Central Bank – Press Conference Vítor Constâncio, Vice-President of the ECB, Mario Draghi President of ECB and Christine Graeff, Director General Communications (from left to right). Location: Frankfurt . Date: 09/03/2017 © ECB, 2017 / Source: ECB – Audiovisual Service It was last Thursday when the president of the European Central Bank gave a […]

The London City-EU connection holds despite of Brexit and the ban of LSE-Deutsche Börse merger

European Commission’s decision to ban the Deutsche Börse – London Stock Exchange merger, on the one hand solved a long list of problems it could have triggered, in view of and after the Brexit. On the other hand though, this decision has created probably as many issues, because London is the long established low cost […]

Brexit kick-off: a historic day for the EU anticlockwise

The beginning of the two-year negotiations is about to begin as UK submits today the letter to the EU today informing the latter about the decision of the British people to leave the bloc. However, it is still too early to say whether a deal will be reached within the timeframe that is set in […]

Will Turkey abandon the refugee deal and risk losing a bonanza of money?

Last week Turkey threatened Europe to reinstate capital punishment and to drop the EU-Turkey pact which was signed one year ago. The desperate need of the Turkish President Recep Tayyip Erdogan to gain more power has forced Turkish officials to release accusations to Europe and especially to the Netherlands, Germany and Brussels in view of the […]

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 Summit: Why was Poland isolated in opposing Tusk and the ‘multi speed’ Europe

Until last week’s summit (Thursday and Friday) of the 27+1 European leaders in Brussels, the exit of Britain from the European club was the tougher test for the club’s unity, which everybody was more or less getting ready to face up to. However, the Polish Prime Minister, a stocky middle aged woman, reversed that and […]