The European Sting is Your democratic, independent and top quality political newspaper specialized in European Union News. Unique Features: iSting & Harry Sting
The election outcomes in Spain and Poland last week were enough to cause even more uncertainty and turbulences to the already shaken European economy. The European leaders and especially Germany is facing another thorn while they struggle to come to a deal with Greece, which focuses on the austerity policy that is constantly followed by the […]
Last week five of the world largest banks, JPMorgan, Barclays, Citigroup, Royal Bank of Scotland and Union de Banques Suisses were fined by the American magistrates a total of $ 4.7 billion for rigging interest rate benchmarks. The banks had been setting those standards by themselves for five years after 2007. In another case the […]
For what it’s worth, the Libyan government, the one recognized by Europe and the West, rejected the EU plan to carry out military operations in the country’s territorial waters and soil against the traffickers of immigrants. This reaction by the one of the two Libyan governments is quite understandable, because it’s practically impossible to distinguish […]
Last Friday, 8 May, the European Commission released two documents setting a path for defense and security cooperation within the EU. The reports will be presented in an upcoming discussion by the competent 28 Ministers on 18 May and the Heads of State and Government in the European Council of 25 June. The two documents […]
Last Monday the High Representative and Vice-president of the European Commission Federica Mogherini delivered the opening speech, in the ministerial meeting of EU’s Southern partners, in the context of the European Neighborhood Policy that took place in Barcelona. At some point she noticed that out of the 38 foreign ministers who were supposed to participate […]
The best indications about the fairness of a deal are that all the parties directly involved in it can claim victory, and when it comes to the detailed terms they feel they didn’t get exactly what they wanted. This is exactly what happened after the six major world powers (the P5+1 group of countries, the […]
The distance between an actual speech and a press release is abyssal. A good example of that came out of Mr Ansip’s introductory speech at an event in Brussels yesterday evening about the EU Digital Single Market. The Vice President of the European Commission for the Digital Single Market (DSM) touched there briefly all current hot topics of the […]
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 […]
It has been one long month since the Greek deal on the Eurogroup of 20 February where Greece and the rest of the Eurozone agreed to give to the former a four-month extension of the loan agreement. However, the Greek government does not seem to cooperate with the three institutions (ECB, IMF, EU) to actively and urgently […]
The United States global gendarmes and the Shiite Iran were brought together in a common fight against the Islamic States murderers in Iraq and Syria, thus opening the way for a wider understanding between the two until recently sworn enemies. The American government saw one more major geostrategic advantage in the rapprochement with Tehran. And […]
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 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 […]
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 […]
The European Investment Bank chose the perfect timing at the end of the year to take stock of its support to Egypt, or probably not? On 22 December 2014 EIB published a Press release entitled “Supporting Egypt’s democratic transition: a priority for EIB totalling more than €800 m of projects financed over the last three […]
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 […]
Six years after the Western financial system collapsed under its immeasurable greed for easy money expressed as an insatiable thirst for risk, the American and European banks and governments are 30% deeper in debt. Few of them can duly repay without major problems of the most dangerous political kind. It is even more alarming that […]
Last weekend the much anticipated G20 Finance Ministers’ and Central Bank Governors’ meeting happened in Cairns, Australia. It was very supportive and positive as far as the implementation of the necessary measures to boost the global economic growth in terms of GDP by an additional 1.8 per cent till 2018. This will be done through investments […]
The special meeting of the European Council held last Saturday 30 August, despite or probably because of the alarming news about the new fall of inflation to the crisis level of 0.3% last month, was almost totally devoted to the Ukrainian crisis. Unfortunately, the new inflation coming close to zero means that the millions of […]
Even if the Kiev government accomplishes the conquest of eastern Ukraine by the force of arms, the West in general, cannot be sure of a viable solution in the long-term. It is impossible to pacify this region, without some form of autonomy. The obvious reason is the great numbers of the Russian speakers, the majority […]
The next round of the EU-US talks on the ‘infamous’ trade and investment deal, known as the Transatlantic Trade and Investment Partnership, is just around the corner now, but new, fierce critics against the deal are launching back. The gigantic trade agreement, known as TTIP, has been largely criticized from the day 1 by many detractors, who claimed major risks […]
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 […]
The appointment of the next European Commission President now clearly threatens the very unity of the EU. The two opposing camps have been well shaped around those longing for less or more Union. The first cluster is formed around the British Prime Minister David Cameron, who utterly opposes the candidacy of Jean-Claude Juncker, finding the […]
The just-concluded bilateral talks between the US and Iran, held Monday and Tuesday in Geneva, can be determinant for the future, shaping of a comprehensive nuclear deal between Iran and the West. The talks were announced last Saturday and indeed took place during a decisive time, after a hot winter of discussions and right before […]
Last Thursday 29 May, the Presidents of Russia, Belarus and Kazakhstan signed the last and most important document, the founding Treaty for their Eurasian Union, to have effect as from 1st January 2015. Four more countries Armenia, Kyrgyzstan, Tajikistan and Uzbekistan have also expressed strong interest to adhere to this new politico-economic entity. The EaU […]
EU and China relations are perfectly depicted in a passage from a European Union External Action service Press release issued recently. It says, “While acknowledging China’s advancement of the economic and social wellbeing of its people in the past 25 years, the EU also hopes to see greater space open up for discussion and debate […]
Petro Poroshenko, the new Ukrainian President elect, is one of the wealthiest men of his country, but he is not an oligarch in the sense that he hasn’t made his fortune by getting government contracts and concessions. He actually is the only exception to the rule, that all business tycoons of this badly governed state, […]
The West has lost the ball in Ukraine, while the Kremlin ruler tries to make the most out of it. What happened in Mariupol and Sloviansk cannot be justified. West’s allies in the country, that is the extreme right-wing groups and the mercenaries also working for the local oligarchs, proved uncontrollable and untrustworthy. At the […]
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 […]
It took only hours for the West and Russia to discover, after their 17 April Geneva agreement, that the situation in Ukraine is much more complicated than they wanted to make the rest of the world and the public opinion in their home countries believe. The belief that a few men, representing the Organisation […]
It’s amazing how much distanced from reality the EU’s foreign policy must be, under the permanent Council Presidency of Lady Catherine Ashton. There is no other explanation than this, if one takes seriously the agenda of yesterday’s EU Foreign Affairs Council meeting in Luxembourg, under the chair of the EU High Representative for Foreign Affairs […]
With an announcement of a few words, EU High Representative Catherine Ashton announced yesterday that Ukraine accepted to participate in a meeting planned to take place in Geneva together with representatives of Russia, the EU and the US. The international relations tradition and practice has it, that whenever a weak country, tormented by existential internal […]
Once more, the International Monetary Fund, with its latest issue of World Economic Outlook, comes back to criticizing Eurozone’s low inflation rate calling it, a ‘key downside risk’ to global growth. Last week IMF’s managing director Christine Lagarde had also singled out Eurozone as the dark growth spot in the developed world threatened by super […]
There is no doubt about the outcome of the referendum on Crimea’s future annexation to Russia. It’s not only that 68% of the Crimean population is of Russian origin and speak Russian. The omnipotent presence of the Russian armed forces in the peninsula, the transparent ballot boxes and the fact that there are no envelopes […]
