The China-US trade deal will be signed on time; the path is set

The China-US trade truce agreed upon by the US President Donald Trump and his Chinese counterpart Xi Jinping has just prolonged the uncertainties haunting all and every world market. Stock exchanges on Monday went up and then on Tuesday fell on the news. The respite was struck last Saturday between the two leaders, in the […]

The Brexit factor in the US-China trade war and other conflicts

Last Friday, the American President Donald Trump aboard Air Force One threatened China with new tariffs on $267 billion of goods heading for the US markets, on top of the $200bn worth of Chinese exports Washington currently is ready to punish with extra levies. The US has already imposed extra tariffs on $50bn of Chinese […]

Statistics show the ugly face of youth training schemes

Thank God Eurostat, the EU statistical service and the Eurobarometer surveys, are still there and can produce reports refuting some commonly accepted pseudo-truths. Of course statisticians can also lie but it’s easy to expose them, while it’s much more difficult to expose the lies commonly used by politicians. A characteristic example is traineeships. This is […]

EU Banks still get subsidies from impoverished citizens

Five years after the melt down of the western financial system, triggered by the bankruptcy of Lehman Brothers in September 2008, and the European taxpayers still pay the price. According to European Commission’s estimates the cost of government (aka taxpayer and all citizens) support to failing banks in Eurozone reached €4.5 trillion during the first […]

EU agricultural production no more a self-sufficiency anchor

The last deal to reform the European Union’s Common Agricultural Policy (CAP) this week between the Parliament, the Commission and the Council is a final recognition, concluded that European agriculture is not considered any more as the basic supplier of food for the Union’s 500 million inhabitants. It also recognises that farmers should receive aid […]

The EU threatens to impose extra import duties on Chinese products

The powerful EU’s executive arm, the European Commission, announced yesterday its proposal for a new legislation targeted at strengthening the protection of home businesses and products from external competition. It’s a clear effort to help the Union’s economy overcome a deepening recession. The new legislations will be in force early in 2014, after being approved […]