Draghi’s negative interest rates help Eurozone’s cohesion

Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]

Who is culpable in the EU for Ukraine’s defection to Russia?

The 350,000 to 500,000 people who protested yesterday, even violently at times, in the centre of the Ukrainian capital Kiev, belonged, theoretically, to the three opposition parties, which had organised the rally. Unquestionably however, all Ukrainians believe that President Viktor Yanukovich – who decided at the last minute to turn down an Association Agreement with […]

Eurozone’s bank resolution mechanism takes a blow

It is very interesting to note how the various sides reported on the workings of the first meetings of ECOFIN and Eurogroup councils after the summer break. Seemingly the 28 ministers of Finance and the 17 of them making up respectively the two bodies discussed all the burning economic and financial issues, from the disbursement […]

Europe united in not supporting a US attack on Syria

The Lithuanian Foreign Minister, Linas Linkevičius, whose country is currently holding the rotating president of the EU Council, during the workings of last Saturday’s informal meeting of the 28 Foreign Affairs ministers in Vilnius supported so openly and provocatively the US positions on Syria, to the point that only his tiny and deeply anti-Russian country […]

Lithuania vs Parliament over 2014 EU budget

It is usual for any EU country while holding the rotating Council Presidency to boast about its achievements. Boasting becomes sometimes unbearable if the Presidency is held by a small or very small member state like Lithuania, the current holder of the presidential seat in the Council. It was exactly like that earlier today when […]