From glass ceiling to glass cliff: women are not a leadership quick-fix

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Beth A. Brooke-Marciniak, Global Vice-Chair, Public Policy, EY What do you need to innovate in the Transformative Age? You need diversity. You need men. And you need women. Gender equality is not only a fundamental human right, but it […]

Merkel: Nationalism and egoism must never have a chance again in Europe

This article is brought to you in association with the European Parliament. German Chancellor Angela Merkel debated the future of Europe with MEPs and the President of the European Commission, Jean-Claude Juncker, on Tuesday. “Tolerance is the soul of Europe and an essential basic value of the European idea”, Mrs Merkel said. This soul has been […]

IPCC reports devastating climate consequences; US in denial while EU does not fully support the 2050 net zero emissions target

The Intergovernmental Panel on Climate Change (IPCC) published a report last week mentioning that limiting global warming temperature to 1.5°C is the only choice to ensure a more sustainable and equitable society compared to the 2.0°C. This assessment came out less than two months ahead of COP24 Katowice summit where all parties have to finalize […]

10 Downing street: Another desperate attempt to unite Britain on Brexit

Once more, the British Prime Minister, Theresa May, is trying to pool together her deeply divided cabinet and country and formulate a common proposal for a Brexit deal with the EU. In the latest development, the ‘Leave’ campaign ministers and the Bremain group are reported by 10 Downing Street to have agreed on a ‘business […]

The US calls off globalization, targets Germany. Paris offer to Berlin comes at a cost

Last Friday, the ‘America first’ President Donald Trump repeated his threats to impose a super tariff on imports of European cars, obviously having in mind the German automotive industry. His latest menace came only hours after the European Union moderately retaliated to the US aggressive trade action, by levying additional import duties on American goods […]

Macron crowned king of Europe in Washington D.C.; just a working meeting with Trump for Merkel

A rare service Donald Trump is currently doing for the Europeans is that he offers them a platform for important common action to be undertaken by the French President Emmanuel Macron and the German Chancellor Angela Merkel. They are both visiting the White House this week, but expect quite different reception from Trump; pompous state […]

“Fortress Europe”, “Pegida” and its laughing stocks

This article was exclusively written for the Sting by a Brussels-based passionate reader of German origin with significant experience in EU affairs. The fact that the refugee crisis is dividing Germany is no news. Just a few days ago, CDU[1] – member of the Bundestag[2] Bettina Kudla criticized Merkel’s asylum policy on Twitter, labelling it as […]

Is Europe ready to cooperate with the rest of the world? Can Germany change its selfish policies?

For a long time now the European Union is accused by the rest of the world for the severe austerity and recessionary economic policies it follows, also imposing them on crisis stricken euro area member states like Greece, Spain, Italy and Portugal. This is so despite the fact that the Eurozone economy as a whole […]

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 […]

A Monday to watch the final act of a Greek tragedy; will there be catharsis or more fear?

Today’s Eurogroup summit of the 19 euro area heads of state and government is convened by Donald Tusk, the President of European Council in order to bluntly present Alexis Tsipras, the Greek PM with a final ultimatum; ‘comply or leave the Eurozone’. Of course this initiative was not Tusk’s, given that his mandate is rather […]

The G7 adopted dangerous views about Ukraine and Greece

Last weekend the leaders of the G7 countries in reality acknowledged their impotency or probably unwillingness to effectively confront the expansion of the destructive and unlawful activities of the “too big to fail” banks and the shadow banking sector. After that, they decided that Ukraine and Greece have to go on bleeding in order not […]

The hostilities in south and eastern Ukraine resume; where could they lead?

The resumption of hostilities in south-eastern Ukraine is blamed by the West to the Russian President Vladimir Putin. Moscow reportedly wants to help the pro-Russian separatists who prevail in the Luhansk and Donetsk region to gain control of Mariupol a key port in this area on the Black Sea. However, the heavy fighting that took […]

Will Eurozone be able to repay its debts? Is a bubble forming there?

This newspaper has been very reluctant in endorsing the widely accepted view that Eurozone has left behind its stagnation if not recession phase. The reason is that despite the GDP increases by a few decimal points – not more than three – of a percentage unit, inflation kept falling for more than twelve months until […]

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 […]

Only the Americans are unhappy with the ceasefire agreement in eastern Ukraine

Despite the fact that the Minsk ceasefire agreement is holding more or less well and the bloodshed in eastern Ukraine has stopped, the Americans seem quite unhappy. They insist on the need to supply the Ukrainians with heavy armaments to continue the war, this time clearly against Putin’s Russia. Let’s follow the facts. On 25 […]

The West and Russia accomplished the dismembering and the economic destruction of Ukraine

With the Minsk Agreement the West and Russia finally got what they wanted or close to that from Ukraine, not minding much about leaving the miserable country in ruins, its map ruthlessly chopped and the economy in a perfect chaos. On the one side the EU or rather Berlin and Paris plus Washington and on […]

Greece to stay in the euro area but the cost to its people remains elusive

The frantic search of the Greek government – pressed at home by an accelerating bank run which culminated last Friday with €1 billion withdrawals in a few hours – to achieve an agreement with its Eurozone partners ended up in an almost total retreat of Athens in front of its creditors. The Greek minister of […]

Athens searches frantically for a new compromise between politics and economic reality

This week the new Greek government started faltering on all accounts. The young Prime Minister Alexis Tsipras, who got elected on 25 January under a populist banner to change everything in this crisis stricken nation, proposed Prokopis Pavlopoulos for President of the Republic, an old fox representing the corrupt and incompetent political system which governed […]

Deep chasm still divides Athens and Brussels; can Eurozone use the nuclear arm of liquidity against Greece?

Today the Eurogroup, the 19 Eurozone ministers of Finance at 3 o’clock in the afternoon will start discussing the future of Greece. It’s quite uncertain if a decision will be reached. Late last Saturday the technical consultations for the Monday meeting were concluded in Brussels. The preliminary work was realized by a group comprising Greek […]

Greece and Ukraine main items on EU28 menu; the course is set

The world community will be watching very closely today’s gathering of the 28 leaders of the European Union in Brussels. The reason is that its agenda includes two crucial issues; the economic fate of Greece and a discussion on the outcome of a conference in Minsk, Belarus for the future of Ukraine. Yesterday afternoon both […]

Europe, US and Russia haggle over Ukraine’s convulsing body; Russians and Americans press on for an all out civil war

Germany and France are alarmed at the prospect that the Americans could turn Ukraine into an unbelievable inferno, by overtly delivering heavy armaments to Kiev. In such an event implications on Europe’s security will be vast. The French President François Hollande and the German Chancellor Angela Merkel rushed to Moscow last Friday and met the […]

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 […]

Greece did it again

Last Monday, the Greek government scheduled an early Presidential election before the end of the year, which according to the constitution is to be held in the Parliament. If the Parliament proves unable to elect a new President of the Republic (180 votes are needed in a house of 300) a new legislative election must […]

The financial war touches Frankfurt and Berlin

Early next year the world is going to watch the culmination of the battle between Mario Draghi the President of the European Central Bank in Frankfurt am Main and Wolfgang Schäuble, the powerful German Minister of Finance based in Berlin. In this affair Draghi represents the will of the advanced world financial markets, including the […]

The West definitively cuts Russia off from the developed world

Last weekend’s G20 Summit in Brisbane Australia in a direct way ineradicably mapped the abyss now dividing the West from Russia. American and European leaders including Barack Obama, Angela Merkel and David Cameron threatened Russia with more sanctions, meant to completely cut her off from western markets and besiege her economy, if Moscow doesn’t stop […]

Russia accepts what the EU has to offer and settles to negotiate with Ukraine

This time the Europeans did it without the Americans in Ukraine. They managed to convince Russia to guarantee unobstructed natural gas supplies for the war-torn country and the EU for ‘at least’ during this winter. They did it last Friday in Milan, northern Italy, during the EU-Asia leaders meeting. The German Chancellor Angela Merkel took […]

The EU moulds a new compromise for growth and financial sustainability

The whole world knows that the European Union has for decades been powered by a strong force; the Berlin – Paris axis. At times, when this  relationship broke down, the EU came to a standstill. Obviously now this is again the case. Towards the end of last month the newly appointed French Prime Minister, Manuel […]

Is Germany yielding to pressures for more relaxed economic policies?

Not surprisingly, European Commission’s quarterly review on ‘Employment and Social Situation’ and its “Annual Report on European SMEs 2013/2014” which were published last week, both conclude that economic recovery is still quite uncertain, while small and medium businesses are always in contraction, constituting the main impediment to growth. Despite all that, and as if economic […]

Ukrainian civil war: Is this the beginning of the end or the end of the beginning?

The Russian convoy of 280 lorries loaded with humanitarian aid (food, water, electricity generators, etc.) crossed the borders without Kiev’s permission last week and delivered on Friday 22 August its cargo to Luhansk, a key position in the warfare between the government special forces and the pro-Russian separatist rebels who still hold the city. The […]

Europe might not avoid new partitioning on Ukrainian crisis

It seems that a confrontational paranoia is engulfing our world. The British Prime minister is waging an aggressive campaign (which may end up being self-destructive) against the candidacy of Jean-Claude Juncker for the Presidency of the Commission. The German Chancellor Angela Merkel is encountering this British challenge with an all-out offensive having organized a continental […]

Who threatens the lives and livelihoods of Ukrainians?

People who fail to recognize that the stalemate in Ukraine cannot be resolved unilaterally by military force are not only very dangerous but are political, if not common law, crooks. For example, the appointed by the Maidan ‘regiments’, Interim Prime Minister Arseniy Yatsenyuk, a lieutenant of the corrupt ex-Prime Minister Jylia Tymoshenko, while in Odessa […]

Greece returns to markets at a high cost to taxpayers, after four years out in the cold

The time that Greece has been waiting for, for quite a long time (4 years) is about to come. Athens is now floating in the capital markets a sovereign bond issue of about €2.5 billion and already unofficial offers from investors have reached €16bn. A very hefty multiple coverage so far of 6.4 times. The book of […]