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Earier this week, on the 2nd of June, the European Commission (EC) decided to recommend to the EU Council of Finance Ministers to close the Excessive Deficit Procedure (EDP) for six countries. The reason why Austria, Belgium, Czech Republic, Denmark, the Netherlands and Slovakia must exit EDP is because these countries managed to lower their […]
Following the Sting’s report on Day I of the European Business Summit 2014, the report of the second day of Brussels’ most prominent conference is following here. As expected, the second day, full of back to back, even simultaneous, sessions all day long, was more interesting than Day I and gave us a glimpse of how European economy will look […]
It was only last week and the time for the annual most important ‘appointment’ of the European industry had come. The rendez-vous was given at the same place as every year; the 12th European Business Summit that took place this year at the prestigious venue of the Palais d’Egmont in Brussels. The European Sting was Media Partner of the […]
It was only last Wednesday, 30 April, that the President of the European Commission, Jose Manuel Barroso, together with top representatives from BusinessEurope paid a visit to the US Chamber of Commerce in Washington DC. The aim of the visit was not only to “reciprocate” the previous American visit in Brussels, but also to point the finger to […]
It was two days ago, Wednesday 26 March, that the President of the USA paid us a visit here in Brussels and caused a congestion chaos in the Belgian capital. The reason of his visit was to sell. To sell ideas about freedom, NATO membership ‘upgrades’ and a bit of shale gas. As sales are […]
The time of the year for possibly the biggest and more prestigious event in Brussels came and the European Sting was present to cover it. Last Wednesday the 15th and Thursday the 16th of May the top European leaders gathered at Autoworld, only a breath’s distance from Berlaymont where the headquarters of the European Commission are based. […]
The usually slow-moving European Commission over issues like free trade agreements, this time didn’t lose its time and President Manuel Barroso announced yesterday that, “the European Union and the United States have decided to initiate internal procedures to launch negotiations with the aim of reaching a ground-breaking free trade agreement: the Transatlantic Trade and Investment […]
Towards the end of this week, on 7 and 8 February, the 27 EU leaders will gather again in Brussels in a most crucial Summit, which is supposed to decide the financial means all the EU institutions will have at their disposal over the next seven years. In this respect this Summit will be different, […]
Understandably sovereign debt statistics for Eurozone and the EU have become most crucial over the past five years, not only for the implicated countries but also for the global financial community. Until recently a bad spell over Greece’s prospects concerning its government debt could send all and every world market to a downwards spiral. And […]
The British Prime Minister, David Cameron is about to announce today in London, that if the conservative party wins the 2015 election, the UK should opt for a different relation with the European Union and then put it on a referendum for Britons to decide. In this case the relations between London and the mainland […]
The European Sting on Saturday 19 January wrote that, the “The ECOFIN Council is expected on Tuesday 22 January to adopt the Commission’s proposal to authorise enhanced cooperation on the Financial Transactions Tax”. Indeed today 22 January 2013, the Ecofin Council adopted a decision authorising eleven member states to go ahead with enhanced cooperation on […]
The European Union and Brazil are holding a bilateral Summit in Brasilia on 24 January. Already from 2007 the EU and the largest South American country have established a strategic partnership in recognition of both sides’ political and economic importance. According to a Commission Press release, bilateral Summits are held annually and focus on key […]
The European Sting is monitoring very closely what is happening in Britain over the burning issue of the country’s relations with the European Union. The possibility of holding a referendum about a possible exit is developing into a deeply splitting issue. Prime Minister David Cameron seems cornered in his own party by the group of […]
The last speech of Bashar al Assad on the first Friday of New Year, which deeply disappointed the West and the Sunni Arabs in the oil rich countries of the Persian Gulf, was about an all-out war. He spoke of “a full scale war” against the enemies of his regime, mainly the Sunni Muslims. But […]
Either the British conservatives have lost any sense of reality or they think that reality has to accommodate their problems. This time it was George Osborn, the Chancellor of the Exchequer who said that the European Union has to change or Britain will leave the club. For one thing being a British he knows very […]
Only hours had passed, after Olli Rehn, Vice-President of the European Commission responsible for Economic and Monetary Affairs early in the morning of Friday 11 January in Brussels had accused France of doing little to regain its lost competitiveness, and in Paris during the same afternoon three labour unions agreed with employers on a package deal […]
The European Stability Mechanism (ESM) issued yesterday its first short-term debt paper (bills), which met an unprecedented success in this capital market auction. The bid/cover ratio was 3.2. This means that for every euro of this debt issue, investors offered 3.2 euros. The bills mature on 4 April 2013. In detail this ESM’s bill issue […]
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