Hiatuses in the rise of temperature

“In the last few years the warming trend of the earth has stopped” is a common type of remark these days. Is that indeed the case, and can we conclude that the projections for the rest of the century are being overestimated? And if so, how come that large parts of Europe are expected to have the warmest year recorded in 2014? There is a chance that the global mean temperature will also be the highest in the series.