India’s economy is an ‘elephant that is starting to run’, according to the IMF

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer How do you supercharge one of the fastest-growing economies in the world? India – heralded by the International Monetary Fund as an “elephant starting to run” – now makes up 15% of global growth, fueled by […]

Italy’s revised budget remains roughly unchanged waiting for Europe’s fury

The Italian government concluded its revised budget a few hours ago and as expected the Italian budget plan remained the same with small amendments, such as plans to sell off some government real estate, but still is not respecting the EU fiscal rules. The latter is most likely not going to be left unanswered by the […]

Parallel downfalls of Merkel and Deutsche Bank threaten Germany and Europe

Only a few years ago, Germany’s stars of pride and accomplishment were personified and embodied in the unparalleled triumphant stories and achievements of Chancellor Angela Merkel and Deutsche Bank. They both had amazed Europe and the world, with their successes in the politico-economic universe. Until the legislative elections of September 2017, and probably sometime earlier […]

IMF: World cup and productivity

This article is brought to you in association with IMFBlog on the occasion of Russia World Cup Written by IMFBlog The World Cup and productivity.  Two of our favorite topics, together in one chart.   How much your productivity—the amount you produce per hour of work—takes a hit during the World Cup depends on where you […]

IMF: When high yield goes boom

This article is brought to you in association with the International Monetary Fund Written by Divya Kirti We’ve all heard about good cholesterol and bad cholesterol. Too much of the good stuff probably won’t do you any harm. Too much of the bad stuff can lead to a heart attack. The same idea applies to […]

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 […]

IMF: All you want to know about Argentina

This article is brought to you in association with the International Monetary Fund Written by IMF staff Frequently asked questions about Argentina, June 7, 2018 How much money will be disbursed to Argentina to support the new economic plan? Argentina and IMF staff have reached an agreement on an economic plan that can be supported by […]

Christine Lagarde: the three priorities for the global economy

This article is published based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Christine Lagarde, Managing Director, International Monetary Fund. In a speech in Hong Kong ahead of the 2018 International Monetary Fund/World Bank Spring Meetings, IMF Managing Director Christine Lagarde called on policymakers to steer clear of protectionism, guard […]

German elections: Is Merkel losing ground or Shultz is winning?

Martin Schulz’s candidacy for Chancellor has changed the balance in the German elections as polls show that Angela Merkel and the Christian Democrats (CDU) are left in the second place after the Social Democrats (SPD). The polls which are conducted by the Emnid institute and by Forschungsgruppe Wahlen for broadcaster ZDF reveal a clear lead […]

Why is Grexit again in the news? Who is to pay for Eurozone’s banking problems?

Grexit, Greece’s exit from the euro area, is back in the news – for the wrong reasons. During this past week, the country’s creditors, the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund, finally agreed amongst themselves to set even tougher conditions in order to continue refinancing the […]

The EU responds to US challenges by fining Apple with €13 billion

Last Tuesday, the White House and the US Treasury in concerted actions issued farfetched statements against the EU Commission. The EU executive’s decision ordered the US giant technology company Apple Inc. to pay additional taxes of up to €13 billion in Ireland. These instant and strong reactions clearly denote that the US sees this Brussels […]

European Court rules that ECB’s OMT program of 2012 is OK; not a word from Germany about returning the Greek 2010 courtesy

Last Tuesday 16 June the European Court of Justice issued a historic decision ruling that Mario Draghi was legally correct when on 26 July 2012 speaking at the Global Investment Conference in London said the famous phrase, “…the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will […]

IMF: Sorry Greece, Ireland, Portugal we were wrong!

Sorry Greece, Ireland and Portugal says now the International Monetary Fund, we have grossly underestimated the negative effect on your economies, from our draconian austerity policies we recommended two years ago. This unbelievably blatant recognition, that the Fund, together with the EU Commission and the European Central Bank are applying wrong policies to the over-borrowed […]

Eurozone: Austerity brings new political tremors

The new political stalemate in Portugal – after the President of the country send the 2013 government budget to the high court questioning its constitutionality – casts again doubts over Eurozone’s ability to manage the austerity policies needed, to secure a viable politico-economic path. In more detail, yesterday Wednesday 2 January, the Portuguese President Anibal Cavaco Silva, […]

Bundestag kick starts the next episode of the Greek tragedy

It’s quite astonishing to watch the German Parliament, the Bundestag, voting on Friday 30 November, with the overwhelming majority of 473 deputies in 584 present, saying yes to a third in a row aid programme for Greece, while all the major media insist, that the public opinion in this country is against any help Berlin should […]

Two women threaten to tear the world apart

 The women’s lib movement can be very proud nowadays. Suffragettes must be very happy. Their kind in a few decades managed not only to vote but to hold in their hands the fate of the globe. All that because this week became clear that Christine Lagarde, heading the International Monetary Fund and Angela Merkel, leader […]

Lagarde’s metamorphoses, not a laughing matter

International politico-economic relations is a tricky field, with the major players constantly changing stance, according to their short term interests, putting aside whatever honourable principles are left in their decision making procedures. And all that being discussed and decided upon, by a handful of people behind closed doors. If those people were not playing with […]

The world to teach Germans to…un-German

Italians and Greeks are trained tax dodgers for millennia now, while Spanish banks lately discovered how to usurp their depositors’ money. No wonder then why the three Mediterranean nations found it difficult to endure the Teutonic straight euro money jacket. As for the Portuguese and the Irish they both followed those Med attitudes and the […]