The ‘yellow vests’ undermined Macron in France and the EU

Paris was a blockaded city this weekend. The government was forced to close down all the main tourist sites in the French capital. The Eiffel Tower, the Opera of Paris, the Louvre museum and tens of other sites which may attract the fury of the ‘yellow vest’ movement are closed and heavily guarded. Galerie Lafayette […]

German egotistic inward turn to badly hurt Europe after Merkel’s exit

Angela Merkel’s era in Germany definitely comes to an end. It coincides, not necessarily in a causal manner, with the extreme right and xenophobic rising tendencies in the country’s political and social structures. These developments will put not only Germany to a political limbo but they will also freeze the progress of the European Union […]

Populist Eurosceptics helped by Trumpists seriously threaten the EU edifice

The confrontation between the populist Italian government and the European Union’s leadership has already left a clear trail on the European ground that permits us to project the itinerary of this conflict in the future. The Italian government is an unorthodox coalition of the extreme right wing party Lega, under its rebellious leader Matteo Salvini […]

Why are the Balkans’ political leaders meeting in Geneva this week?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Oliver Cann, Head of Media Content, World Economic Forum As October begins, the World Economic Forum welcomes five European heads of state or government at our headquarters in Geneva. The meeting is the latest instalment of a Strategic […]

Migration crisis update: mutual actions and solidarity needed as anti-migrant policies thrive

An EU summit is taking place today in Salzburg, Austria where the EU leaders will discuss about the immigration crisis in the region and Brexit deal negotiations. The Parliament’s request to the member states regarding Hungary’s breach of the EU founding values is creating turbulences to the unity and solidarity of the Old Continent. The […]

Draghi to lay his print on long term ECB policies prior to exiting next year

Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECB’s Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]

Parliament approves €34m in EU aid to Greece, Poland, Lithuania and Bulgaria

This article is brought to you in association with the European Parliament. EUSF aid worth €34 million, to help reconstruction in Greece, Poland, Lithuania and Bulgaria after natural disasters in 2017, was approved by MEPs on Tuesday. The aid includes €16,918,941 for repairs and reconstruction in Lithuania after continuous rainfall throughout the summer and autumn of […]

Greece bailout ends but with no substantial effect on citizens’ life

It was yesterday when the Prime Minister Alexis Tsipras stated from the Greek island of Ithaca that the austerity measures are over cheering for the Greek bailout programme exit. Mario Centeno, the chairman of the ESM’s board of governors, had said last Monday that Greece is once more a nation which doesn’t need any additional […]

Can a Bavarian Oktoberfest beer indulger bring down the Berlin government?

In the late hours of last Monday, Horst Seehofer the Bavarian, a right wing politician and standard Oktoberfest beer indulger, who has lately discovered the attractions of anti-immigration rhetoric, finally backed off from his threats to bring down Angela Merkel’s Federal government. He is the President of the right wing Christian Social Union party present […]

EU migration crisis again accentuates lack of unity and solidarity among member states

Almost nothing was achieved between the EU member states at the mini migration summit which was convened in Brussels last Sunday. Despite the German efforts, there was no common ground among EU leaders. The latter was mainly due to the fact that Italy’s new anti-migrant government is against the “first country responsibility” rule which obliges […]

Greece leaves EU aid program, gets last 15 billion euro

This story is brought to you in association with the European Council – Eurogroup Completion of the fourth and final review and growth strategy The Eurogroup commends the Greek authorities for the completion of all the agreed prior actions of the final review of the ESM programme. We congratulate the Greek authorities and Greek people […]

The Bavarians threaten Berlin and Brussels with immigration crisis

In an unprecedented move, the German Interior Minister is betraying his boss – Chancellor Angela Merkel – and is forming an anti-refugee alliance with the extreme right-wing Austrian government and the precarious new Italian populist administration. The impossible German Interior Minister, Horst Seehofer, the leader of the Bavarian CSU party and junior partner in the […]

At last Germany to negotiate the costs for a really cohesive Eurozone

Finally, Germany blinked. Chancellor Angela Merkel at last decided  to clearly respond and, up to a certain degree, uphold French President Emmanuel Macron’s ideas, about reforming the Eurozone, in order not only to save it from unraveling, but, if  possibe, to make it more cohesive and stronger. In an interview to last Sunday’s issue of […]

Why Italy will not follow the Greek road; Eurozone to change or unravel

the next Italian election is, very probably, to take place within the next few months or even weeks. Then, Berlin, the rest of Eurozone capitals and probably the entire western financial world will learn, if it’s still politically possible to ask just one country’s taxpayers to save an obviously faltering global financial system. The test […]

Budget MEPs approve €104.2 m in EU aid to Greece, Spain, France and Portugal

This article is brought to you in association with the European Parliament 16-05-18 Budget MEPs approved on Wednesday EUSF aid worth €104.2 million to support reconstruction in Greece, Spain, France and Portugal, hit by natural disasters in 2017. The aid from the EU Solidarity Fund (EUSF) includes €50.6 million for reconstruction in the Centro region in Portugal […]

Germany readies to pay for the Brexit gap in EU finance

As expected, last Friday’s informal European Council of the 27 EU leaders didn’t produce any tangible result regarding its main agenda item; the future of Europe. The EU leaders just quarreled on who is to cover the hole in the budget, after Britain’s contribution ends with Brexit. In relation to this perennial question of money […]

Germany may have a stable and more cooperative government

The center right and center left German mainstream political parties agreed yesterday evening to form a new grand coalition government. It will be the third time since 2005 the two Christian parties and the socialists jointly govern their country. The socialists will control the Finance, Foreign and Labor ministries, with Martin Schulz, the Social Democratic […]

‘Safe Eurobonds’: a new trick to betray the south euro area countries

All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]

What will Germany look like after the next election?

Last Thursday this newspaper came out with a lead story about European countries having problems producing viable governments. The article was entitled “Minority governments ‘à la mode’ in Europe but can they last long?” It seems conformist Germany answers this question in the negative. According to an opinion poll published this week and reported by […]

Minority governments ‘à la mode’ in Europe but can they last long?

With the Italian elections set for 4 March and anticipated to produce a hang parliament, four out of the five bigger European countries will be in political limbo for a good part, if not for the entire new year 2018. France is the only exception in this Euro-plague of political uncertainty. In some cases the […]

Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth

Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]

Germany not famous for easy way outs from political stalemates

And now ‘Frau Bundeskanzlerin’ what? The truth is though whatever the future holds for the German political landscape, is no good. Chancellor Angela Merkel’s failure last weekend to form a government, with a viable parliamentary majority has irreparably stained the so far pristine scenery of the country’s politico-economic affairs. The unsuccessful attempts to convince liberal […]

EU Trust Fund for Africa: Can it be beneficial for Italy and tackle the migration crisis in the Mediterranean?

It was last week when the EU leaders met in Brussels to discuss how to support Italy with managing the refugees’ crisis in the central Mediterranean. The increase of the financial aid in the Trust Fund for Africa is believed to be one of the main ways to deal with this long-lasting issue. However, this […]

The EU Commission vies to screen Chinese investment in Europe

Last week, Jean-Claude Juncker, the head of the powerful European Commission, the executive arm of the European Union, announced a plan to screen foreign investments. The idea is to hold back or even effectively block business acquisitions or other investment plans financed by third country companies, in key sectors allegedly considered to be sensitive from […]

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 […]

Refugee crisis: Commission proposes a new plan urging EU countries to help Italy

The EU interior ministers gathered last Thursday in Tallinn to discuss Italy’s problem to deal with migration crisis together with the new Action Plan proposed by the European Commission to support Italy and increase solidarity in the EU. The refugee crisis continues plaguing Europe in 2017 as 101.266 migrants have entered the bloc by sea […]

Refugee crisis update: Commission is struggling alone with little help from EU or G7 leaders

The European Commission has been fighting the migration crisis urging the EU countries for their support to tackle this long-lasting issue but no or little contribution is provided. Last Thursday, the president of the EC prompted the Czech Republic to change its decision regarding their denial on accepting asylum seekers from Greece and Italy under […]

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 […]

Will the EU ever tackle the migration crisis despite the lack of political will?

Despite the fact that migration crisis figures have decreased compared to last year, the disappointing commitment of some countries to fulfil their obligations receiving asylum-seekers from Greece and Italy combined with the worsening situation in the Mediterranean are perpetuating this crisis. The European Commission (EC) continues its hard work towards the completion of the relocation […]