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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alex Liu, Managing partner, AT Kearney Africa has taken three significant steps in recent months on its journey to a stronger economic future. In March, the African Union launched the African Continental Free Trade Area (AfCFTA). This landmark agreement […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Jaci EisenbergLead, Global University Leaders Forum (GULF) and University Engagement & David Gann, Vice President, Imperial College & Fulvia Montresor, Head of Technology Pioneers, World Economic Forum Geneva Collaborations between universities and industry have given life to many […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Torbjørn Netland, Chair of production and operations management, ETH Zurich & Lino Guzzella, President, ETH Zurich These are exciting times for manufacturing. A plethora of recent technological developments creates radically new opportunities for how we develop, manufacture, and […]
The US- China trade war is now taking new dimensions, touching the very financial heart of the most populous country on earth. The Washington administration has already more or less ordered Beijing to perform unbelievable structural changes of American liking in the economy. Now they say monetary issues have to be inserted in the trade […]
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Leena Nair, Chief Human Resources Officer, Unilever I am likely stating the obvious but it needs to be stated as often as possible – the world is changing and it is changing fast. The Fourth Industrial Revolution is blurring […]
This article is brought to you in association with the United Nations. Participation in Global Value Chains (GVCs) can play an important role in a country’s development, however countries must reach a certain threshold in industrial competitiveness to be able to integrate GVCs. This is a key finding of a new report titled “The Global Value […]
This article was exclusively written for the Sting by Mr Jasson Oscullo. The writer is an Ecuadorian medical student. He is also affiliated to the International Federation of Medical Students Associations (IFMSA). However, the opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view on the topic, nor The European Sting’s one. Last century´s “science fiction” […]
This article was exclusively written for the Sting by Ms Maria Khan. The writer is a student of third year MBBS at Army medical college and a proud member of AMSA and IFMSA-Pakistan for the past three years. She is also affiliated to the International Federation of Medical Students Associations (IFMSA). However, the opinions expressed in this piece belong strictly to the writer […]
Last week, Eurostat, the EU statistical service, released its flash estimate of the GDP of the first quarter of 2016, finding it, in both the Eurozone and the EU28, to be 0.5% bigger in comparison to the previous period. In the fourth quarter of 2015, GDP had also grown by 0.3% and 0.4% respectively. Does […]
It’s a tautological statement to say that the euro area is an economy which barely moves ahead, towards producing more jobs and incomes for the tens of millions of the unemployed and materially deprived. However, it seems that it’s worse than that. Mario Draghi, the President of the European Central Bank, said it plainly in […]
There are many lessons to be learned from last Sunday’s elections in Germany. For one thing, the widely expected electoral setback that the German Chancellor Angela Merkel and her Christian Democratic Union party (CDU) experienced last Sunday doesn’t seem to constitute a major blow to her dominant political status. She continues to be the central […]
This newspaper has been following very closely the Eurostat statistics, including inflation, which paint an accurate picture of Eurozone’s economic condition. Then, not without good reason, during the last few months or even years the European Sting didn’t share the reserved optimism of Brussels about euro area’s prospects and unfortunately Eurostat confirmed this prediction once […]
According to the latest statistics published in August by Eurostat, the EU statistical service, the euro area economy grew by a meager 0.3% during the second quarter of this year. Despite the fact that the mere three decimal points of more gross product typically illustrate a positive development for the Eurozone economy, there are other […]
Statistical data for the Eurozone economy paint a rather misty picture. Labour costs, an indicator which can fairly describe the evolution of the total volume of wages, marks a distinct increase signaling a clear betterment of the situation of the working classes. On top of that, May inflation at 0.3% indicates that the rate of […]
As part of the 18th European Eco-Innovation Forum on 20-22 May, the Retail Forum for Sustainability took place on 21 May in Barcelona and had a prominent place in the dialogue for a Greener European environment. The Forum came as a necessary module of the Eco-Innovation dialogue organised by the European Commission, DG Environment. The […]
Last Monday, Eurostat, the EU statistical service issued data on June industrial price developments (0.1% month to month), actually showing stagnation in relation to May. It is more alarming to observe though that all along the first five months of 2014, from January to May on a month to month basis, industrial prices had been […]
Eurostat, the EU statistical service, has recently released data showing that, while the government indebtedness increases, the industrial production retreats. Of course Eurozone doesn’t run any danger of losing its competitive edge in world markets. European goods and services exports usually leave a solid positive result, so the Union and more so the Eurozone don’t […]
Eurostat, the EU statistical service, revealed yesterday that the “euro area (EA18) seasonally-adjusted unemployment rate was 12% in January 2014, unchanged since October 2013”. The number of people without a job though increased in January 2014 to 19,175 from 19,158 thousand in December 2013. The rate of unemployment remains obstinately stuck to those very high […]
According to the Directorate General for Economic and Financial Affairs (DG ECFIN), of the European Commission, in February, the “Economic Sentiment Indicator (ESI) remained broadly unchanged, marking a marginal increase of 0.2 points in both the euro area (to 101.2) and the EU (to 105.0)”. This was the outcome of increases of the relevant indices […]
During the last few days, Eurostat, the EU statistical service, has produced disappointing data on the Eurozone economy. Last week it was a fall of the volume of retail sales in December by 1.6%, compared to November. Also in December last year compared with December 2012 the retail sales index decreased by 1% in […]
Still twelve years after the launch of the great ‘Single internal Market‘ project, which transformed the European Union into really a seamless market, and some industrial sectors continue being plagued by bureaucratic and technical impediments to trade. Understandably, the sectors and products in question are not of a simple nature. They comprise highly sophisticated machinery […]
Eurostat, the EU statistical service, announced late yesterday evening that in December unemployment remained at the persistently high level of 12% since October, while inflation took a new downwards turn to 0.7% in January, from 0.8% in December. It’s difficult to say which one of the two developments is more alarming. On both accounts Eurozone […]
Tantalizingly slow proves the tempo of Eurozone’s economic resumption, if such a thing exists at all. According to the European Commission Directorate General for Economic and Financial Affairs (ECFIN), “in January the Economic Sentiment Indicator (ESI) increased by 0.5 points in the euro area (to 100.91) and by 0.9 points in the EU (to 104.7)”. […]
The tourism industry is undoubtedly a flourishing sector of the EU economy. However it suffers of an increased sensitivity to events like the 11 September 2001 catastrophe, which can harm its potential on a global scale. Even an airplane accident can undermine its activities for a long time. That’s why it is considered as a […]
Foreign Direct Investments (FDI) are long-term placements in real economy business, not right away tradable, realized by investors residing outside the country. They should be sharply distinguished from the highly volatile financial investments on stocks and bonds, which can depart from the country at any moment. The crisis years in the period 2009-2012 don’t seem […]
Last Wednesday the European Commission presented a ground-breaking communication for a “European Industrial Renaissance”. With it, the EU’s executive arm “is urging Member States to recognise the central importance of industry for creating jobs and growth and to mainstream industry-related competitiveness concerns across all policy areas”. The truth is, however, that industry doesn’t play the […]
Twelve years after the ‘internal market’ initiative launched in 1992, with which the European Union erased the technical, fiscal and any other barrier impeding the internal circulation of goods within the boundaries of the club, and still there are impediments to the free internal circulation of industrial products. The European Commission in order to neutralise […]
With consumer price developments in Eurozone remaining below the one percentage unit for many months now, disinflation (falling inflation) is just some decimal points away from deflation (negative inflation). Yesterday, Eurostat, the EU statistical service, released its estimate for the December headline inflation at 0.8% , down one decimal point from 0.9% in November. This […]
On 22 January the European Commission will present a Communication on an EU wide project, under the grandiose name of “European Industrial Renaissance”. Despite its name, the Communication doesn’t seem to have a strong connection with reality. Even the early pre-announcement of this Communication released on 20 December contains elements of futility. It says “While […]
The commonly recited rough theory, that Eurozone economy is less competitive than the US, is not confirmed by core statistics. The European Sting has repeatedly stressed that Eurozone is by far a net exporter of sophisticated products and services, while the US suffers of a chronic and probably structural, foreign trade deficit. In this […]
The Economic Sentiment Indicator (ESI), despite a mild rise in September by 1.6 points in the euro area is still below its long-term average (100), and oscillates around the levels of the third quarter of 2010. However if it continuous on its present upwards course, it may soon recover losses of three years. In […]
During this week in Brussels there was a lot of talk about Europe’s industrial competitiveness. The Competitiveness Council, part of the Council of the European Union, is currently meeting in Brussels, on September 26-27, for the first time formally under the Lithuanian Presidency. This Council brings together the EU ministers responsible for the single market, […]
Bit by bit the much advertised resumption of economic activity in Eurozone fades away. The fall of unemployment rate by just one decimal point to 12.1% in June and the increase of GDP during the second quarter of this year by 0.3% fuelled overoptimistic estimates that Eurozone has definitively left behind the lowest part of […]
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