Siemens-Alstom merger: Will the EC succumb to Franco-German pressures for the sake of May’s EU Elections?

It was yesterday when executives of Siemens and Alstom met with EU Commissioner Margrethe Vestager in one of their last attempts to convince her to give the green light for their merge. The European Commission (EC) is now left to decide till February 18 whether or not to approve the merger of the rail operations […]

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 […]

Netherlands: Budget MEPs back €1.2m in job-search aid for 450 redundant workers

This article is brought to you in association with the European Parliament. Following the dismissal of 1,324 workers in 20 banks in the affected regions, the most disadvantaged among them should receive EU aid worth €1,192,500 to help find new jobs. It is the first time that funds from the European Globalisation Adjustment Fund (EGF) would […]

These Dutch microgrid communities can supply 90% of their energy needs

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Johnny Wood Writer, Formative Content The power to switch from fossil fuels to renewable energy sources could rest in the hands of local communities. New research suggests decentralized, smart microgrid systems are capable of providing most, if not […]

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 […]

Do the giant banks ‘tell’ Britain to choose a good soft Brexit and ‘remain’ or else…?

It may be true that the world is tired watching Britain being completely confused about choosing the way to exit from the European Union. Yet, the almost schizo division plaguing the Brits and their political elites alike still paralyzes to this date the divorce negotiations. Countries to be most affected by Brexit like Holland are […]

A neo-liberal toll free Paradise for the super rich and tax hell for wage earners

Despite the hullaballoo in main stream media about Queen Elizabeth’s investments in tax-havens and the implication of the US Trade Secretary Wilbur Ross in a Russia related offshore firm, the shocking revelation in the Paradise Papers is that London appears as the largest money washing machine of the world. The biggest single disclosure is that […]

Czech Babis, Austrian Kurz and others threaten Europe with nationalist populism

Andrej Babis, a media magnate and second wealthier Czech leading his anti-immigration, nationalist and populist ANO party, won last Sunday’s election, with around 30% of the vote. He is to become the next Prime Minister of the Czech Republic. Babis did that on an anti-systemic Trump-like ticket. He was recently implicated in a tax fraud […]

Chauvinism and xenophobia will lead to global assertiveness and more wars

The immigration crisis of 2015 in Europe exposed the hollowness of the political system of the new millennium in the Old Continent, anguishing to cover the huge social cavities the economic neo-liberalism has created. Unfortunately, economic neo-liberalism didn’t lead to political liberalism, but instead to chauvinism, xenophobia and the insurgence of the extreme right wing […]

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 […]

Elections in Europe: No risks for the EU, leaders readying to face Trump-Brexit

Some political analysts in mainland Europe but many more in Britain and on the other side of the Atlantic Ocean in the US, have rushed to call 2017 the year that can make or break the European Union. They basically argue that the three crucial legislative elections due in Holland next month, in France in […]

Will France vote for more or less Europe in the next presidential elections?

Meeting on the International Day for the Eradication of Poverty – From humiliation and exclusion to participation : eradicate all forms of poverty Copyright: © European Union 2016 Source : EP. Location: Brussels, Belgium. Date: 19/10/2016. Photo: Alexis Haulot. The citizens of three of the strongest European countries, having in their minds the recent terrorist […]

ECB: The bastion of effective and equitable Europeanism keeps up quantitative easing

Last Thursday, 12 December, Mario Draghi, President of the European Central Bank, was forced to compromise with the Germans during the Governing Council’s regular meeting. He accepted to reduce the monthly injections of cash into the economy (through asset purchases of mainly government bonds) from €80 billion to €60bn, along the lines of the nonstandard […]

Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

Last Monday David Folkerts-Landau, the chief economist of Deutsche Bank, the ailing largest lender of Germany, in an interview with the prestigious newspaper ‘Die Welt’ stated that European banks must be subsidized with €150 billion in rescue money to recapitalize. Obviously, it will be the taxpayers to once more provide the capital the euro area […]

EU revengefully shows no mercy to Cameron by demanding a fast and sloppy Brexit now

One of the most historicals EU summits is taking place today in Brussels with 27 instead of 28 member states attending the meeting, leaving Britain and David Cameron out due to the recent decision of the British people to vote in favor of leaving the European Union. The EU referendum has caused severe consequences not only to […]

EU leaders agree on 2030 Climate and Energy Package: is “flexible” brave enough?

The European Union Heads of State last week reached an agreement on what it was welcomed as “the world’s most ambitious” target yet for cutting carbon emissions. European leaders have defined the headline targets and the architecture for the EU framework on climate and energy for 2030, having signed a pact obliging the EU as […]

Who really cares about the 26.2 million of EU jobless?

Yesterday, Eurostat, the EU statistical service, published an update of unemployment statistics for the European Union covering the period up to December 2013. In that month 26.200 million men and women in the EU-28, of whom 19.010 million were in the euro area (EA-17), were unemployed. Eurostat estimates that “Compared with November 2013, the number […]

Iceland won’t talk with Brussels about EU accession

Iceland has two very good reasons to freeze its EU accession talks until the tiny country holds a referendum on it. Icelanders think twice when it comes to money and fish. On money their views differ widely from what the EU thinks about it and when it comes to fish, Iceland also has quite diverging […]

Tiny Iceland teaches the West how to treat bankers

Sigmundur Davíð Gunnlaugsson, the Prime Minister of Iceland, hardened by adverse weather and isolation as all his compatriots, when in Brussels last summer, delivered two lessons to EU bureaucrats and dignitaries, softened by indoor life. He taught them how to treat fraudulent bankers and who to fish mackerel. Yesterday tiny Iceland accomplished its teaching course […]

Why Eurozone can afford spending for growth

Eurostat, the EU statistical service, confirmed once more the excellent health of Eurozone’s economy, at least as far as its international competitiveness is concerned. Low inflation and large surpluses in external trade of goods constitute a solid base for the foreign value of the single money. They also advocate in favour of further relaxation of […]

Ecofin: ‘The Friday battle’ for the banking union

The crucial character of this Friday’s Ecofin Council can be seen in the size of the Commission’s preparative memo. More than 3,000 words were needed for it. The text of yesterday’s Press release contains everything, from the specific economic policy recommendations to countries with excessive deficits, the entry of Croatia, the €10 billion capital increase […]

Should Europe be afraid of the developing world?

China and India are undoubtedly the two heavyweights of the developing world. On their foot-steps one can categorise also Indonesia, Malaysia, Thailand, Vietnam and some more countries of South East Asia. Yes, those are the tigers of growth, based on the iron willingness of their people to secure a more or less comfortable life, after […]