Juncker Plan reaches almost €410 billion in triggered investment across the EU

This article is brought to you in association with the European Commission. As of June 2019, the deals approved under the Juncker Plan amount to €75 billion in financing and are located in all 28 Member States. Some 952,000 start-ups and small and medium-sized businesses (SMEs) are expected to benefit from improved access to finance. Currently, […]

€2 billion to fast forward the creation of the European Innovation Council

This article is brought to you in association with the European Commission. Ahead of the 21-22 March European Council discussion on innovation, industry and competitiveness, the Commission takes decisive steps to set up a European Innovation Council. Global competition is intensifying and Europe needs to deepen its innovation and risk-taking capability to compete on a market […]

European Commission calls on national political parties to join efforts to ensure free and fair elections in Europe

This article is brought to you in association with the European Commission. In September 2018, as part of the State of the Union, President Juncker proposed measures to bolster European democracy and protect free and fair elections in Europe. Ahead of the European elections, Commissioner Vera Jourová has written to national political parties calling on them […]

EU shapes its ambitious strategy on India

This article is brought to you in association with the European Commission. The European Commission and the High Representative of the Union for Foreign Affairs and Security Policy today adopted a Joint Communication that sets out the EU’s vision for a strategy to strengthen cooperation and the partnership with India. This Joint Communication replaces the last […]

“As long as we work together through thick and thin, more benefits can be delivered to the people of Eurasia”, China’s Premier Li Keqiang highlights from ASEM in Brussels

The 12th ASEM (Asia-Europe-Meeting) Summit took place in Brussels on 18-19 October 2018, the first summit after ASEM enters its third decade. Fifty-one Eurasia leaders convened under the theme “Global Partners for Global Challenges”, which is definitely a contemporary theme given the global turbulences of our time. ASEM is the platform for dialogue between Asia and […]

Greece’s future solely in the hands of Tsipras; he can direct the poor country any way he likes

Greece is obliged by today or the latest tomorrow Friday morning to submit to its Eurozone partners a new program with more severe austerity and deeper reforms, if the country wants to stay in the Eurozone. Alas, this is exactly the program the Greeks rejected last Sunday in a referendum. In case the Athens proposal […]

Have Europe’s Ukrainian wounds begun to heal?

The wounds the Ukrainian civil war has inflicted on Europe have now stopped bleeding and if not begun healing at least they claim no more fatalities. The Minsk II agreement is holding well and the Europeans, most of them, have made clear to the Americans that there is no chance of starting a new war […]

Can Greece’s democratic institutions keep it in Eurozone?

Paris, Washington and Brussels categorically reject the idea of a Grexit, while Berlin is still loudly insisting that the Eurozone can weather at a cost Greece’s secession. Behind closed doors though, the German decision makers are also not at all sure about that. Greece’s exit from Eurozone has lately become the talk of the town […]

What does Tsipras have to offer to the rest of Europe? Is it worth an early advance of €10 billion? Berlin sturdily denies it

The discussion about what is needed to get the European Union out of its economic stagnation is gaining momentum in many European capitals and Brussels, probably at the exception of Berlin. The German government still believes that Europe’s growth drivers are working, if not perfectly at least adequately, and rejects all initiatives to revive the […]

Can Kiev make face to mounting economic problems and social unrest?

The time of truth for the European Union’s strategy on the Ukrainian question finally came. Brussels is about to let the poor country not only be dismembered, but what will be left of it will be pushed into an economic and political inferno. As it happens, Commission President Jean-Claude Juncker essentially ‘ordered’ Kiev to “bring […]

How much more political is the new EU leadership? Does this include personal bend?

Judging from their first days in office, the new leadership of the European Union appears functioning on a much more ‘political’ platform than their Barroso-Rompuy predecessors. Actually Jean-Claude Juncker the one month old President of the European Commission had cautioned us all about that in his inaugural speech. Nevertheless, nobody had thought that Donald Tusk, […]

Eurostat overturns Commission’s assessment of the economy

Last Friday 28 November Eurostat did it again. Almost simultaneously with the presentation of Commission’s “Annual Growth Survey 2015”, disingenuously entitled “A new Momentum for Jobs, Growth and Investment”, the EU statistical service published its frustrating flash estimate of November inflation rate down to a mere 0.3%. Positively this new dive of inflation closer to […]

Last-chance Commission: Why Juncker promised investments of €300 billion?

Jean-Claude Juncker is a ‘product’ of the 2008-2010 and still ongoing financial crisis in the Western economic volume. So is his Commission Presidency and he has a deep understanding of that. Juncker, as a President of Eurogroup had to face consecutive crises with Greece, Ireland, Portugal, Spain and Italy. What followed the financial meltdown is […]

There is a way for Eurozone to reach a sustainable growth path

Slowly but surely Euro area inflation rate heads for the zero zone, making decision makers nervous and everybody else, especially the unemployed young even more pessimistic and passive about their present situation and the future prospects. And all that is happening in this part of the globe where only a few years ago the Europeans […]

EU Top Jobs summit ended with no agreement: welcome to Europe’s quicksand!

If finding the right balance in things is some kind of art, we should say that finding the right balance in the right time is for sure the key to success. And something rare for real. The European Union can be for sure a good case study of how difficult it is to reach a […]

Eurozone governed by an obscure body and gray procedures

The Eurogroup, the crucial European decision-making body, regrouping the 17 EU ministers of Finance of the countries using the euro, which has led the south of Europe to the worst economic recession after WWII and introduced the haircut on bank deposits, the until this week most secure financial asset, is an informal forum, who’s decisions […]