What is government debt – and how is it paid back?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Read, Senior Writer, Formative Content Soaring government debt is a pandemic legacy we are going to be living with for years to come. Countries borrowed heavily as they struggled to keep their economies afloat while tackling COVID-19. […]

Europe faces economic turmoil as Italy gets closer to the Excessive Debt Procedure

Italy is in serious trouble as the EU deputy finance ministers seem to support the European Commission’s opinion on the actions required to reduce the country’s public debt. The huge growing debt together with the centre-right and euroskeptic alliance government is causing turbulences as regards its relations with Brussels. However, the Italian coalition leaders have […]

After the Italian ‘no’ and the Brexit, Germans must decide which Europe they want

There is no doubt that Europe is in disarray. The long standing malaise of high unemployment and economic stagnation has already mutated into critical political problems. The mutations of the European political ecosystem take various, unseen before forms. In the northern EU countries they invariably appear as extreme right or even semi-fascist political parties, inflated […]

The EU can afford to invest trillions in support of employment

Eurostat, the EU statistical service, has recently released data showing that, while the government indebtedness increases, the industrial production retreats. Of course Eurozone doesn’t run any danger of losing its competitive edge in world markets. European goods and services exports usually leave a solid positive result, so the Union and more so the Eurozone don’t […]