Olli Rehn – The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

Macro-Financial Assistance: Europe’s way to control Ukraine?

June 20, 2014 by Chris Anyfantis Leave a Comment

The European Commission (EC) paid out €500 million to Ukraine on Tuesday, a financial support to be the first loan tranche of the second Macro-Financial Assistance (MFA) programme of the EU. While the crisis in Ukraine is still raging and the need for economic reforms is more crucial than ever, the EU is adding to International […]

Filed Under: EUGlobe, Policy, Politics, Russia, Trade Tagged With: Crimean crisis, EU, European Commission, IMF, Macro-Financial Assistance, Olli Rehn, Petro Poroshenko, Russia, Ukraine, World Bank

Why Commissioner Rehn wants us all to work more for less

February 13, 2013 by Suzan A. Kane Leave a Comment

Yesterday Commissioner Olli Rehn speaking at the regular monthly meeting of the European Financial Affairs Council (Ecofin), which regroups the 27 EU ministers of Finance, made a completely wrong evaluation of Eurozone’s economy present status, despite some quite superficial references to the real causes of the ongoing crisis. Let’s see all that in details. His […]

Filed Under: Employment & Social Affairs, Policy Tagged With: ECOFIN, EU ministers of Finance, industrial jobs, Olli Rehn, SMEs, The banks

European markets itchy with short-term disturbances

February 5, 2013 by Maria Milouv Leave a Comment

European markets had a very bad day yesterday, Monday 4 February. During the first hour of business bourses all over Europe, the euro included, had a discouraging start. The largest losses were monitored in the Paris stock exchange, with the CAC index losing around 3%, a large percentage change for a prime market. In view […]

Filed Under: Economy, Markets Tagged With: EU-ECB-IMF, Eurozone, Italy, Luis de Guindos Jurado, Mariano Rajoy, Olli Rehn, SAREB, Spain

Inflation not a problem for Europe

January 17, 2013 by Suzan A. Kane Leave a Comment

The downward trend of Eurozone inflation was confirmed yesterday by Eurostat, the statistical service of the European Union. According to this source “Euro area annual inflation was 2.2% in December 2012, the same as in November. A year earlier the rate was 2.7%. The EU27 annual inflation was 2.3% in December 2012, down from 2.4% […]

Filed Under: Economy Tagged With: alcohol & tobacco, Cyprus, ECB, education, electricity, European Central Bank, food, France, fuels for transport, Greece, Harmonised Index of Consumer Prices, HICP, household equipment, housing, Hungary, inflation, Mario Dragi, Olli Rehn, recreation & culture, Romania, Sweden, telecommunications, Vice President of the EC in charge of Economic and Monetary Affairs

France: New labour laws for more competitiveness

January 12, 2013 by Dennis Kefalakos Leave a Comment

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 […]

Filed Under: Economy, Employment & Social Affairs, Eurozone Tagged With: competitiveness, Economic and Monetary Union, European Policy Centre, Francois Hollande, French labour unions, Germany, Greece, Ireland, José Manuel Barroso, Nicolas Sarkozy, Olli Rehn

Draghi hands over to banks €77.7 billion more

January 10, 2013 by Maria Milouv 1 Comment

The European Central Bank lent but in reality handed over yesterday 9 January a total amount of €77.7 billion to a number of Eurozone banks, under an arrangement called Main Refinancing Operation (MRO) at the negligible interest rate of 0.7% for a duration of 7 days. This is however the upper side of the iceberg. It’s […]

Filed Under: EUGlobe, Policy, USA Tagged With: Britain, ECB, EU, European Central Bank, Eurozone, George Bush, Greece, IMF, Ireland, Italy, lender of last resort, Long Term Refinancing Operation, Main Refinancing Operation, Mario Draghi, Michel Barnier, Olli Rehn, Spain, Super Mario, systemic banks, US

Is the EU denying its social character favouring a banking conglomerate?

January 9, 2013 by George Pepper Leave a Comment

It’s very annoying or probably preposterous to watch the European Commission playing with peoples’ misery. How else can one explain, that the executive arm of the EU after having observed in its yearly review on “Employment and Social Situation in 2012”, that living conditions in Europe have become unbearable for a fast increasing part of […]