How Europe beat the financial crisis – and the risks it still faces

This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Kalin Anev Janse, Secretary General, European Stability Mechanism (ESM) Ten years after the financial crisis, what is the most important news for me, coming from the other side of the channel? It is that Europe is booming – […]

Deutsche Bank chased away from US, threatened with more fines

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

Yanis Varoufakis: “Unsustainable debt turns the creditor into Leviathan; Life under it is becoming nasty, brutish and short”

The Lethal Deferral of Greek Debt Restructuring Written by Yanis Varoufakis ATHENS – The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity. Creditors offer debt relief to get more value back and to extend as little new finance to the insolvent entity as possible. Remarkably, […]

Juncker and Tusk killed Greece on 07 July 2015 to meet the Commission’s summer vacation plan? #Grexit #Greferendum #Graccident

The worst moment in the history of Eurozone took place on 07 July 2015 in Brussels. The common currency union leaders decided that the moment has come to kick Greece out. Although nobody had the guts to officially announce it yesterday the leaders of the 18 Eurozone countries together with Juncker’s Commission made just yesterday […]

“These Romans are crazy”, the “Greek Gauls” will be shouting today in Brussels hoping Caesar backs off

That every crisis brings to the surface the worst part of yourself is common knowledge. The routine of prosperity or daily struggle conceals your weakness for a reason; to focus on your task and to make ends meet and enjoy afterwards a hedonist’s life with small purchased pleasures. Despite this being the sentence that shortly […]

“If they think they can slave an entire nation, then they will just have the opposite results!”, Alexis Tsipras cries out from the Greek parliament

The world is moving forward full speed ahead and the Greeks seem to be the heavy anchor that has not been effectively lifted. This time though it is nothing about the glass of the negotiations being half empty or half full, as the eurosceptics or the pro-Europeans would normally say. The glass broke last Wednesday […]

Does Greece really weigh what is asking for today in Russia?

Today is the day that Alexis Tsipras meets Vladimir Putin in Moscow to discuss about business and trade under a spiritual Easter atmosphere for the “Orthodox brothers”. The date of this summit was strategically decided to be this week, in order to put some pressure, at least this is what the Greeks believe, to the European leaders-creditors who […]

D-Day for Grexit is today and not Friday; Super Mario is likely to kill the Greek banks still today

Today is really the D-Day for the Greek matter. After a couple of moves in this grand chessboard, checkmate is just unavoidable. Today we are likely to reach a point without return where nobody will be able to save Greece from collapse and the Eurozone from breaking down. It is the great final round and […]

On Grexit: Incompetence just launched the historic Ultimatum that could open “pandora’s box”

It’s clearly a very bad moment for Europe; unfortunately much worse than our wise European leaders can grasp. The Greek issue is inescapably bringing to the surface the political incompetence of many key figures in Brussels and beyond. Dijssebloem and the peer were never prepared for the Greek stubbornness; most likely they were never ready to […]

EU Summit’s major takeaway: a handkerchief cannot save Greece from austerity

After Wednesday’s Eurogroup where Greece’s Minister of Finance, Yanis Varoufakis, “agreed to disagree” with his European counterparts, Grexit enthusiasts had a reason to celebrate in the evening. However, they did not count for the modern Hercules, Alexis Tsipras, who came tieless to his first EU Summit yesterday in Brussels but with plenty and trendy new […]